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CONTINUATION TO <br />Proposal for Roseville Cit, <br />Park Adioininq Lexart Addition <br />Terms of Sale of Parcel (C) shown on 7/1/87 submittals. <br />The $125,000.00 will be paid by the City of Roseville, at <br />its option, in cash or the date set for closing, or in the <br />alternative, so that the City of Roseville can budget this <br />purchase, in five (5) installments of $25,000.00 each and <br />interest at the rate of six (6%-) percent per annum on the unpaid <br />balance, on August 1, 1988, February 1, 1989, August 14, 1989 <br />J. <br />February i, 1990, and the final a <br />p yment on August 14, 1990, <br />Repurchase Guarantee. <br />Gerald Kaufhold guarantees the City of Roseville until and <br />including January 1, 1991, his repurchase from them of Parcel 11Ct, <br />for the sum of $225,800.00 should the City of <br />Roseville in its sole discretion and upon ninety (90) days <br />y <br />written notice to Gerald Kaufhold, accepts said repurchase <br />guarantee of said Parcels comprising the City Park site; <br />provided, however, that said Parcels be rezoned R-2 by the City <br />such sale <br />of Roseville prior to said sale and as a condition of y <br />. <br />7 <br />f� L <br />Gerald Kaufhold <br />