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Plan and incorporated in City Park in Parcel C in the Preliminary <br />Plat. This 57,750 square feet are otherwise designated for <br />residential duplexes in the Site Plan and present sales to the <br />developer in excess of $188,000.00. <br />The City of Roseville shall furnish the legal, engineering <br />and administrative services necessary for these transfers. <br />(3) Terms of Sale of Land of Parcel "C" Being Offered for <br />Sale. The $157,000.00 will be paid by the City of Roseville, at <br />its option, in cash on 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 $31,400.00 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 1, 1989, <br />February 1, 1990, and the final payment on August 1, 1990. <br />(4) Repurchase Guarantee. Gerald Kaufhold guarantees the <br />City of Roseville until and including January 1, 1991, his <br />repurchase from them of Parcel "D" and Parcel "C" for the sum of <br />$257,800.00 should the City of Roseville in its sole discretion <br />and upon ninety (90) days written notice to Gerald Kaufhold, <br />accepts said repurchase guarantee of said (1) and (2) Parcels <br />comprising the City Parr site; provided, however, that said <br />Parcels be rezoned R-2 by the City of Roseville prior to said. <br />sale and as a condition of such sale. <br />Gerald Kaufhold <br />-2- <br />