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<br />�PTZ�N CONi'RACT
<br />AG �� NT hlade at Minneapoli.s, Minnesota this �� da
<br />y of July,
<br />� 1967 by and between �1ILLI�'�M q. INUELS,ER, WILI,L4M G� �
<br />� N� and AR� G� MUET.T FR �;
<br />�� ,, as executo r s o f t h e e s t a t e o f M a be 1 G. Mueller, deceased•
<br />,..
<br />x , William A. b�ueller,
<br />u
<br />" widaRzer; DORffl�iy L� GLUEK, unm�rried; LOUIS A. GLUEK and A�fARGAR '
<br />ET N. �LtTEK, his
<br />wife; A.RTFiUR L. GLUEK and IRENE .� � GL�K� his wife; VqI,IDA M. �
<br />OBINSON, widc,�, �;,
<br />MA.RI� G. BUTTS and HAI,LECK A. BUl'I'S� her husband; FcpSAI,IlVD I. F
<br />RENCH and SAMIIEL - �
<br />�'RENCH, her husband `°
<br />, Farties of the First Fart, hereinafter called "Sellers";
<br />and DAYTON DEVELppN��� CpMpq�;,s a Minnesota corporation Part
<br />, y af the Second -;
<br />Part, hereinafter called "Buyer"; •.
<br />(1) Tn consideration �f the sum of One Dollar (�1.00) to them in
<br />hand paid by the Buyer, the Sel.�ers hereby �rant to•the Buyer the exclusive
<br />right, at its o�tion, for and during the period of time from the date hereof
<br />until the end of the 30th day of June, 1968y to purchase from the Sellers, for
<br />the price of Nine Hundred Thousand Dollax�s (�h900,000,Qp)' upon the terms and
<br />conditions hereinafter stated,
<br />the tracts of land in the Villa�,e nf Roseville,
<br />in Ramsey Cottnty, �iinnesota, (hereinafter refe2•red
<br />described As follows:
<br />to as the aption tra�ts)
<br />The PI�: �heast quarter (PIT-,'� ) of the Southwest qi.�ar�;er ( S�a4 )
<br />o� �ection 9, Township 29 td., Ran�e 23 �1., lyin� nori:h of State
<br />�ljin xi�nWay rro, 36, except the north 250.�30 feet thereof; sub ject
<br />to F�irview AventiE-, and to drainage easement, sewer easement and
<br />ottiei• public util�t�; easements of record, and to �overnmental
<br />re�alation of tiie� use and occupancy of the pr�r�ises, and i;o the
<br />i•eal es �a t� ��xes tha�; become due and payable suosequent to tne
<br />calendaz• year in whi�ti the �ption is eaercised and unpaid speciaZ
<br />assessments to the ex�ent of �he amounts or instailments thereof
<br />that becor.�e due and payable without delinquency subsequ�nt to the
<br />calendaz• �,•ear in whicn the otition is ehercised, and subject also
<br />to the r�i�h�s reserved b�� Sellers under Article (2) hereof;
<br />Also
<br />�':;e :��i•�;i;•res� c�t�ai•ter ;T,l
<br />oi �ec tion � � 1, )°f �he Soutt�taest auarier ( Si�J4 )
<br />,, lQ1JI1St11U 29 P; ., Range 23 ;�1,, lyin� tlorth of the part
<br />;;ciereol tat:e:� for �tate �i"ru�ik Hi hwav ,T
<br />acres of sa ici. �° � 1- �,1 ��"O • 36, except the nortn 10
<br />ort;,wes� qtiarier M•,� oi ;;OL1�I1WeS;; c�uarter �,--
<br />su�� jec �. .o aublic u �ilit�, easen;ents of record, (�� J`` �'
<br />re�ila�io;i o� -;;:;e use and occupanc;; of the prerises,�andvtonthet�l
<br />real eatate �a;�es tiia� �ecor,�e due and payable subsequent ;,o the
<br />calenc.iar year in wt,ich the optior. is exercised an : unpaid special
<br />assess�:�ents to �:he ex;,ent of the amounts or ins'-�limen,;s thereof
<br />�.lar, :�ecor,;e c.,ie and nayab� e without delinquenc�- su�se�uent �o the
<br />,alerdar ,;,�ea� �:< <,��icn ;,he option is exercised, and su:� ject also
<br />� �he righ;,s -re��i•veci by Sellers under Article (2) hereof.
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