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Idar. 3. 2000 9.1601 No 9645 P 2 PURCHASE AGREEMENT THIS AGREEMENT ("Agreement ") is made as of , 2000 between Richard G. Hubers and Diane Lynn Hubers, husband and wife ( "Seller "), and the City of Centerville, a Minnesota municipal corporation ( "Buyer "). In consideration of this Agreement, Seller and Buyer agree as follows: 1. Sale of Property. Seller agrees to sell to Buyer, and Buyer agrees to buy from Seller, the following property (collectively, "Property "): (a) Real Prooetty. The real property located at 7087 Twentieth Avenue, City of Centerville, County of Anoka, State of Minnesota, described on the attached Exhibit A ( "Land ") together with (1) all buildings and improvements constructed or located on the Land ( "Buildings ") and (2) all easements and rights benefiting or appurtenant to the Land (collectively the "Real Property "). (b) personal Property. All of the personal property situated in or about the Real Property owned by Seller, including without limitation, that described on the inventory attached to this Agreement as Exhibit B ("Personal Property "). (c) Contracts. Seller's interests in the service and maintenance contracts, equipment leases and other contracts regarding the Real Property and the Personal Property described on the artached Exhibit C ( "Contracts "). (d) permits. Seller's interests in the permits and licenses described on attached Exhibit D ( "Permits"). (e) Warranties. Seller's interests in all warranties and guaranties given to, assigned to or benefitting Seller or the Real property or the Personal Property regarding the acquisition, construction design, use, operation, management or maintenance of the Real Property and the Personal Property ( "Warranties "). (t) Plans. All originals and copies of the as built blueprints, plans and specifications regarding the Real Property and the Personal Property, if any ( "Plans "). (g) Records. All records of Seller regarding the Real Property and the Personal Property, including all records regarding real estate taxes and assessments, insurance, maintenance, repairs, capital improvements and services ( "Records "). 2. Purchase Price and Manner of Pavment. The total purchase price ( "Purchase Price") to be paid by Buyer to Seller for the Property shall be $375,000 and shall be payable as follows: '(a) $18,750 as earnest money ( "Earnest Money ") which Earnest Money shall be held in owner's attomey's trust account.