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<br /> - - ----. . ---. --..-.-- . - . ~ .... ~ -~ , _' ......~_.. ' . '._",--, ...........u..... .0- _~~ ,~~~ - _ __ <br />I' &w.etT' 5 ~8 <br />I SALES !\biD PURCHASE AGREEMENT <br />" 1.0 PARTIES. THIS SALES AND PURCHASE AGREEMENT is made the <br /> day of , 1997, by and between <br /> Morris Communication Corporation, a Georgia corporation <br /> ("Seller"), and the city of Arden Hills, a Minnesota municipal <br />I corporation ("City") <br /> 2.0 RECITALS. <br />I A. Seller owns: <br /> l. Parcels A, B, C, and D ("Real Prope:-ty") located <br />I in the City's Gateway Business District and <br /> described on Exhibit 1 attached; <br /> 2. All fences, buildings, structures and other <br />I improvements (" Improvements") located on the Real <br /> ~roperty except for those Improvements owned by <br /> public and private utilities, or the structure~ <br /> for Billboarns 1 and 2 as hereinafter referenced; <br />I and <br /> 3. Other rights ("Related Rights") benefiting or <br />I appurtenant to the Real Property. <br /> B. Some of Seller's Improvements consist of four billboard <br /> signs and support structures ("Billboards" ) as numbered <br />Ie and shown on Exhibit 2 attached. <br /> C. The Billboards are currently legal non-conforming uses <br />I within the Gateway Business District. <br /> D. Generally, legal, non-conforming uses may continue in <br /> their current location but cannot be moved or expanded. <br />I E. Gateway Business District regulations specifically <br /> provide that signs within the Gateway Business District <br />I will be regulated by the City's sign regulations unless <br /> the City's Council modifies such regulationa baaed upon <br /> a determination that the modification is essential to <br /> further the purposes of the Gateway Business District. <br />I F. The City is currently reviewing a development proposal <br /> ("Welsh Project") for land adjacent to and in the <br />I vicinity of the Real Property. <br /> G. Concurrent with its review of the Welsh Project, the <br /> City has undertaken the construction of roads and <br />I public utilities, as authorized by City Resolution No. <br /> 97-38 adopted on 7/28/97 (" Public Improvement Proj ect") <br /> which will immediately serve the Welsh Project and will <br /> eventually serve the remainder of the land adjacent to <br />I the Welsh Project when such property develops or <br />" <br />I <br />