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2017.04.17 CC Packet
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2017.04.17 CC Packet
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6/25/2020 3:53:30 PM
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City Council
Document Type
Minutes
Meeting Date
4/17/2017
Meeting Type
Regular
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WETLAND <br />II CREDIT AGENCY <br />PURCHASE AGREEMENT <br />FOR WETLAND BANKING CRED[TS <br />THIS AGREEMENT (Agreement) is made this 27th day of March, 2017 between the "Wetland Credit <br />Agency, LLC/Stamer-lmdieke" (Seller) and "OP5 Adelaide, LLC" (Buyer). <br />1. If in -full payment for wetland banking credits (Credits) is received by Seller on or before April <br />30'11, 2017, both Buyer and Seller agree to the following terms: <br />CREDITS TO BE SOLD ON'OR BEFORE APRIL 30, 2017 <br />Credit <br />Sub- <br />Group' <br />Acres <br />Wetland <br />Cire, 39 <br />Type' <br />Plant Community Type 3 <br />Cost per <br />Acre <br />Account <br />Number <br />Total <br />A. <br />1.32 <br />1 <br />seasonally flooded basin <br />$47,916.00 <br />1542 <br />$63,249.12 <br />B. <br />1.32 <br />2 <br />sedge meadow <br />$47,916.00 <br />1542 <br />$63,249.12 <br />C. <br />-- <br />- <br />-- <br />-- <br />D. <br />-- <br />-- <br />-- <br />-- <br />-- <br />E. <br />-- <br />-- <br />-- <br />-- <br />-- <br />Totals <br />2.64 <br />$126,498.24 <br />If in -full payment for Credits is received on or after May 1", 2017, but prior to the Closing Date <br />as agreed upon in Paragraph 5 of this Agreement, both Buyer and Seller agree to the following terms: <br />Pagel of 3 <br />Wetland Credit Agency, LLC • 12940 Overlook Road, Dayton, MN 55327 • 612-360-4700 <br />v1.3 6-1-11 <br />
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