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OPTION AGREEMENT The effective date of this option agreement ("Option") is April t; , 1997, and is by and between Southwind ofRoseville, L.L.C., a Minnesota limited liability company, ("Buyer"); and the City of Roseville ("Seller"). For and in consideration of a $1,000.00 option fee, the receipt of which is hereby acknowledged by Seller, Seller hereby grants to Buyer the exclusive right and privilege until August 1, 1997 to purchase Seller's property legally described on the attached exhibit "A" ("Property") for One Hundred Nine Thousand Dollars ($109,000.00) less all option fees Buyer has paid to Seller under this Option. Buyer may extend this Option to purchase Seller's Property to November 30, 1997 by paying Seller an additional option fee of$5,000.00 before July 30, 1997. Exercising Options. Buyer may exercise it's Option to purchase the Property by completing and signing a purchase agreement in the form of exhibit "B" ("Purchase Agreement") and delivering it to Seller. Seller shall promptly sign the Purchase Agreement and return one fully executed copy to Buyer. Approved Preliminary Plat. The Seller has approved the preliminary plat ofthe Buyer which approved preliminary plat encompasses the Property and other lands described in exhibit "c" ("Zeece Land") and the preliminary plat shall become a part of this Option. Final Plat. Buyer and Seller agree to execute all documents necessary to record a final plat of the Property in accordance with the preliminary plat already approved by Seller. The Buyer agrees to pay all ofthe costs in connection with platting the Property and preparing the final plat or any revisions thereto. The Seller shall have no responsibility for preparing the final 1