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2014_0421_CCpacket
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2014_0421_CCpacket
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7/8/2014 1:43:38 PM
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1 <br />2 <br />3 <br />4 <br />5 <br />6 <br />7 <br />8 <br />9 <br />10 <br />11 <br />12 <br />13 <br />14 <br />15 <br />16 <br />17 <br />18 <br />19 <br />20 <br />21 <br />22 <br />23 <br />24 <br />25 <br />26 <br />27 <br />28 <br />29 <br />30 <br />31 <br />32 <br />33 <br />34 <br />35 <br />36 <br />37 <br />38 <br />39 <br />40 <br />41 <br />42 <br />43 <br />44 <br />45 <br />Attachment C <br />PURCHASE AGREEMENT <br />THIS AGREEMENT is made as of , 2014, between Independent <br />School District Number 621, a Minnesota independent school district ("Seller"), and the City of <br />Roseville, a Minnesota municipal corporation ("Buyer"). <br />In consideration of this Agreement, Seller and Buyer agree as follows: <br />1. Sale of Pro�erty. Seller agrees to sell to Buyer and Buyer agrees to buy from the Seller <br />the following (collectively the "Property"): <br />The real property located in Ramsey County, Minnesota, legally described on the <br />attached Exhibit A("Land"), together with all monitoring wells and improvements <br />located thereon and all easements and rights benefitting or appurtenant to the Land. <br />2. Purchase Price and Manner of Pavment. The total purchase price ("Purchase Price") to <br />be paid by Buyer to Seller for the Property shall be FOUR HUNDRED FIFTEEN <br />THOUSAND AND NO/100 DOLLARS ($415,000.00) which shall be payable as <br />follows: <br />A. $5,000.00 as earnest money ("Earnest Money"), which Earnest Money shall be <br />deposited with Land Title, Inc. ("Title Company"), 2200 W. County Road C, <br />Roseville, MN 55113, within three (3) business days following the Effective Date (as <br />defined below) of this Agreement. The Earnest Money shall be applied to the <br />Purchase Price at Closing if the parties close hereunder, or if this Agreement is <br />terminated by either party shall be paid to the party entitled thereto in accordance <br />with the provisions of this Agreement. <br />B. The balance of the Purchase Price shall be paid by wire transfer of U.S. federal funds <br />upon Closing. <br />3. Contin�encies. The obligations of Buyer under this Agreement are contingent upon each <br />of the following: <br />A. Ins�ections and Testin�. Buyer shall have determined, on or before the Contingency <br />Date (as defined below), that it is satisfied with the results of all matters disclosed by <br />physical inspections, soil tests, engineering inspections, hazardous waste and <br />environmental reviews of the Property, and all other tests and inspections which <br />Buyer deems necessary. <br />B. Environmental Assurances. Buyer is able to obtain, on or before the Contingency <br />Date, a No Association Determination, Certificate of Completion and/or such other <br />written assurances and acknowledgments from and/or agreements with the Minnesota <br />Pollution Control Agency and other entities or parties pertaining to the environmental <br />
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