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<br /> " <br /> . , <br /> . AGREEMENT TO CONVEY LAND <br /> THIS AGREEMENT, Made this _~ day of 5d-,,: J/ / , <br /> 1975, by and between c. G. REIN COMPANY I a Minnesot i corporation, <br /> hereinafter referred to as IlDonoru and the CITY OF ARDEN HILLS, <br /> Ramsey County, a statutory city under the laws of the State of <br /> Minnesota, hereinafter referred to as I1Donee", <br /> W I '1' N E S S E T H ; <br /> WHEREAS, Donor is the owner of an 11.088 acre tract of <br /> land located at the southeast corner of the intersection of <br /> County Road E and Lexington Avenue North, which tract is presently <br /> undergoing development by Donor pursuant to an Amended Special <br /> Use Permit issued by the Council of Donee on February 10, 1975, <br /> and <br /> "VlHEREAS , Donor is like"....ise the owner of a 52 acre tract <br /> of land lying east of Cleveland Avenue, south of Stowe Avenue, <br /> and west of New Brighton Road, vlhich it, its successors or assigns, <br /> . proposes to develop in the future, and <br /> WHEREAS, in order to satisfy the park dedication <br /> requirements of Donee with respect to the 11.088 acre tract of <br /> land presently being developed and the 52 acre tract of land to <br /> be developed in the future, Donor desires to donate, dedicate, <br /> contribute, and convey to Donee a portion of the latter tract <br /> approximately 10.321 acres in size, and Donee desires to acquire <br /> from Donor and Donor desires to sell to Donee an additional <br /> portion of the latter tract of land approximately 1.339 acres in <br /> size at a rate of Eight Thousand and nO/lOO Dollars ($8,000.00) <br /> per acre--making a total parcel of approximately 11.66 acres to <br /> be conveyed by Donor to Donee, <br /> NOW, THEREFORE, in consideration for the mutual promises <br /> and covenants contained herein and the monetary consideration set <br /> forth ~ereinbelow, the parties hereto mutually agree as follows: <br /> . <br />