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0-02=16548 <br />A G R E Ii H C tJ 'I' <br />This Agreement, Made and entercA inrn thi, __ day of tqay . <br />1980, by aad betwc-en M 6 E healCy Cn^in:n}, Minnesota corooration, <br />md Kraus-Andecson, Incorporaeed, a t7iun•s;ota rorporatlon (hezeinafter <br />referred to as "oevclopers"), and thc ritv of Moui ds Virw, a Minnesota <br />municipal coroo_ation (hereinafrer -rferr.,d to as "City"). <br />NRiEREAS, De veloF;ers are the n.rn,r:,:.f certain real estate in the <br />City of Mounds View, `7i.nnesora, whi h r<.a,. estate i moze particularly <br />described in Exhibit A attached here!o m] hurebv madc a part hereof <br />heieinaftei referred tu as Che "YrnP t'/°7r -ind <br />WHEREAS, the Dvvelopers arn dc.siruns nf dcvelop[nq the Pzoperty; <br />and <br />lJHEREAS, the City has planneti 'or :n;jor p rk facilities on the <br />Property and in the immediate ar•a; and <br />SVIIERF.AS, the Develoners hnvN sub nitr d ro th 'ity a nreliminarV <br />conceptual sketch plan for deve2opm nt t rh. Propr•ety; and <br />WHEREAS, the City, by Reso7ution IJUmber 1100, I as aoproved the <br />conceptual plan submitted by the noveluperr; .ind authori.a.ed its staff <br />to L#rt!e an agreement wi.th the now-.lno rs as ;u forth i.n <br />Resolution Number ll00; <br />70W, THEREFORE, in consideration nf t.he mutual covenants, obli- <br />c7ations and rr mises hereim m ra;,,,.. i .th r oo i ..., .olnatle .. <br />consideration, the receint an l sufficiencv of whi.ch is hereby acknow- <br />ledged, the parties hereto mutually covrnant and a ree as follows, to-wit: <br />1. Developers, subject to oezformancr by Citv of the terms <br />of this Agreement shall on or boforc dune 1, 19R0, sell, transfei <br />and convey to the City good and marketahle ti[le in thc otemises out- <br />lined in red on Exhibit 8, attached h reto and hereby made a part here- <br />of, which premises are more particulacly described in .°,xhibit C, - <br />attached hereto and hereby made o parl hcrrof (hercinafter referred to . <br />as "Relocated Pazk Property"). . <br />A. Developers' sa]e, trans/or „nd convevnncc of the <br />Reloca[ed Pa[k Property shall be b}taarranGy Deed subject . <br />to the following: