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9a. Attachment A <br />This Purchase Agreement (“Agreement”) is made this ____ day of __________, 2015, <br />by and between the Housing and Redevelopment Authority in and for the City of Roseville, <br />Minnesota, a public body politic and corporate under the laws of the State of Minnesota <br />(“Seller”) and the City of Roseville, Minnesota, a Minnesota municipal corporation (“Buyer”). <br /> Seller is the owner of property located in the City of Roseville, <br />Minnesota, which is legally described as Lots 18, 19, 20, 21 and 22, Block 1, O’Neil’s Addition, <br />according to the recorded plat thereof, Ramsey County, Minnesota (the “Property”). <br /> In consideration of and subject to the terms and provisions of <br />this Agreement, Buyer offers and agrees to purchase and Seller agrees to sell and hereby grants <br />to Buyer the exclusive right to purchase the Property and all improvements thereon, together <br />with all appurtenances. All fixtures located on the Property on the date of this Agreement are <br />included in the purchase of the Property. <br />a.The total purchase price for the Property is: Six Hundred <br />Eighty-Nine Thousand Nine Hundred Forty Dollars and Sixty-Two Cents <br />($689,940.62) (“Purchase Price”). <br />b. <br />1. EARNEST MONEY: The sum of One Dollar ($1.00) earnest money shall <br />be paid by Buyer to Seller (“Earnest Money”). <br />2.BALANCE DUE SELLER: Buyer agrees to pay by check or wire transfer <br />on the Closing Date any remaining balance due on the Purchase Price <br />according to the terms of this Agreement. <br />3. DEED/MARKETABLE TITLE: Subject to performance by Buyer, Seller <br />agrees to execute and deliver a Quit Claim Deed conveying marketable fee <br />simple title to the Property to Buyer, free and clear of any mortgages, liens <br />or encumbrances other than matters created by or acceptable to Buyer, <br />subject only to the following exceptions: <br />i. Building and zoning laws, ordinances, state and federal <br />regulations; <br />ii. Reservation of minerals or mineral rights to the State of <br />Minnesota, if any; and <br />iii. Public utility and drainage easements of record which will not <br />interfere with Buyer’s intended use of the Property. <br />1 <br />458632v2 MNI RS275-9 <br /> <br />