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2B, Hazelnut Park Acquisition
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2B, Hazelnut Park Acquisition
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10/23/2024 12:19:40 AM
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1/28/2011 2:06:36 PM
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01-31-11 City Council Work Session
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REAL ESTATE PURCHASA R>H ENT <br /> Y.XivS'�f <br /> This Real Estate Purchase Agreement " .a ment"), made - d as of the day of <br /> Bran of Labe Johanna' MWN "Seller" and Ci of 2011, by and between Trinity l ( ) ty <br /> I <br /> Arden Hills, (the "Purchaser"). <br /> In consideration of the mutuapI tenants andd ngs contained her the parties <br /> agree as follows: <br /> 1. Sale and Purchase of Property.'14" Sllex agree ell, and Purchaser agrees to <br /> purchas eal prope4 ituated x y° ity o en Hills,County of Ramsey, <br /> in,d ,, <br /> State 'nnes Prop e � . �gz�bed`" � ws: <br /> e w will be pla ed as Lot 2, Block 1, Trinity <br /> Lu oLa1enJ hanna ddition. The proposed Lot 2, <br /> ock Y1 �uuty Lake Johanna Addition is <br /> xim 71,474 q feet. <br /> nL <br /> 2. urchase Pri -Par est'Iv one . Purchaser agrees to pay to Seller, as the purchase <br /> e for the Pr`oety the stn of Two Hundred Fourteen Thousand Four Hundred <br /> Two 000 Dollars ($214,422) (the "Purchase Price"). As earnest money, <br /> Purc ` s or shall paSeller Two Thousand One Hundred Forty Four 00/100 Dollars <br /> ($2, < <br /> 144) ?ome--ecution of this Agreement by the parties. <br /> 3. Title. Seller, at its cost, will obtain a commitment for an owner's title insurance <br /> policy (ALTA Form 1990) issued by a title insurance company acceptable to the <br /> Purchaser(the"Title Company"),naming Purchaser as the proposed owner insured of <br /> the Property in the amount of the Purchase Price (the "Commitment"). The <br /> Commitment shall have a current date as its effective date and shall commit to insure <br /> marketable title in Purchaser,free and clear of all mechanics'lien claims,questions of <br /> survey,unrecorded interests,rights of parties in possession or other exceptions. The <br /> Commitment shall set forth all levied real estate taxes and special assessments and <br /> shall contain such endorsements as Purchaser may require,including but not limited <br />
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