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. " \ l\ ~ . (\ - ~ \ '\ \\-lC/' ~ '\. ~ VACANT LAND PURCHASE AGREEMENT m~,.cA. !l199'f Date: ~@r ---> 1998- RECEIVED OF William A. Boyd and Margaret A. Boyd ("Buyer"), the sum of Two Thousand Five Hundred ($2,500.00) Dollars as ("Eamest Money") by check to be deposited upon acceptance of this Purchase Agreement by all parties, on or before the next business day after acceptance, in an account of Independent School District No. 623 ("Seller"), but to be returned to Buyer if this Purchase Agreement is not accepted by Seller. .- Said Eamest Money is part payment for the purchase of the property located at: Street Address: XXX Dale Street, City of Roseville, County of Ramsey, State of Minnesota, Legally described as: All of Lot 10, Block 1, North Dale Park, lying North of the South 110 feet, ("Property") (pID Nos. 01-29-23-32-0016 (part) and 01-29-23-32-0014) including the following property, if any, owned by Seller and located on said Property: all garden bulbs, plants, shrubs and trees, and also the following personal property: None, all of which Property Seller has this day agreed to sell for the sum of Fifty-Four Thousand Ninety Eight and no/100 ($54,098.00) Dollars, which Buyer agrees to pay in the following f,V,/l /", manner: Earnest Money of $2,500.00, by check which Seller acknowledges receiving, and ~ ' I? $51,598 cash onJ.!>eeeffiBer ---> 199&, the date of closing ("Closing Date"). - C. oil k-FOtet-- f11H II ('P9 I. TRANSFER OF TITLE: Upon perfonnance of this Purchase Agreement by Buyer, Seller shall execute and deliver a Warranty Deed, conveying marketable title to the Property subject only to the following exceptions: (1) Building and zoning laws, ordinances, State and Federal regulations. (2) Restrictions relating to use or improvement of the Property without effective forfeiture provision. (3) Reservation of any minerals or mineral rights by the State of Minnesota. (4) Utility and drainage easements which do not interfere with proposed improvements. f\.. '( 2. SPECIAL ASSESSMENTS: Seller shall pay on the Closing Date all special assessments I, levied as of the date of this Purchase Agreement and all deferred special assessments assessed 1\ ':J against the Property. Buyer shall assume special assessments pending as of the date of this : '1 Purchase Agreement and all assessments levied after the date of this Purchase Agreement. sell~~ represents that Seller has not received a notice of hearing for a new public improvement projec \. trom any governmental assessing authority, the costs of which project may be assessed against the Property. 3. REAL ESTATE TAXES: The Property is exempt trom taxes due and payable in the year 1998. Buyer shall pay real estate taxes due and payable in the year 1999 and thereafter. Seller makes no representations concerning the amount of real estate taxes for subsequent years. 4. POSSESSION: Seller shall deliver possession on the Closing Date. 5. ENVIRONMENTAL CONCERNS: To the best knowledge of Seller, at the present time no environmental matters exist on the Property. Seller has previously owned and developed the property platted as Owasso Hills which lies directly to the north of the Property. Certain activities occurred on the Owasso Hills property prior to its development which are described on attached Exhibit A. Seller does not know whether any of such activities occurred on the Property. The Property is being sold "AS IS" with no express or implied representation or warranties by Seller as to the physical condition of the Property. 11. (j ( {, . . onstruction. Seller grants ~ P' In the event Buyer detennines that . (1.0 30, 1998 that the condition of the Property is suitabl pennission of access t IDspection by Buyer. 1137423.01