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February 23, 2021 <br />WI NTHROP +WEINSTINE <br />Renay W.Leone <br />Direct Dial:(612)604-6654 <br />Direct Fax:(612)604-6854 <br />rleone@winthrop.com <br />Housing and Redevelopment <br />Authority of St.Anthony,Minnesota <br />3301 Silver Lake Rd,NE <br />St.Anthony,MN 55418 <br />Attn:Executive Director <br />Dorsey &Whitney LLP <br />50 South Sixth Street,Suite 1500 <br />Minneapolis,MN 55402 <br />Attn:Jay R.Lindgren <br />VIA EMAIL AND CERTIFIED MAIL <br />RETURN RECEIPT REQUESTED <br />VIA EMAIL AND CERTIFIED MAIL <br />RETURN RECEIPT REQUESTED <br />NOTICE OF TERMINATION OF LAND SWAP AGREEMENT <br />ThisNOTICE OF TERMINATION OF LAND SWAP AGREEMENT ("Notice")is provided <br />regarding that certain Land Swap Agreement by and between Bremer Bank,National <br />Association,a national banking association ("Bremer")and Housing and Redevelopment <br />Authority of St.Anthony,Minnesota,a public body corporate and politic under the laws of <br />Minnesota ("HRA"),executed by Bremer and approved by the HRA (but not executed)as of <br />October 27,2020 (the "Agreement"),relating to the swap of properties located in St.Anthony, <br />Minnesota.Capitalized terms that are not defined in this Notice shall have the meanings <br />assigned to them in the Agreement. <br />Due to lack of execution of the Agreement by HRA and lack of any other activity required in the <br />Agreement by either party,Bremer hereby notifies HRA that Bremer is terminating the <br />Agreement for failure by the HRA to execute the Agreement and to close the transaction <br />contemplated thereby in a timely manner.As no earnest money was deposited by either party <br />nor any reimbursable costs incurred,there shall be no future obligation by either party to the <br />other with respect to the terms of the Agreement. <br />CAPEL L A T O W ER I SU I T E 35 00 225 Sout h 6th Street M inneapolis,M N 55402 P/612.604.6 00 F /612.604.6800 W /winthrop.com A Professional Association <br />147