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<br />OPTION AGREEMENT <br /> <br />THIS AGREEMENT, made and entered into this <br /> <br />day of <br /> <br />March, 1966, by and between the Village of Roseville, Minnesota, a <br /> <br />municipal corporation hereinafter referred to as the VILLAGE, and Eugene <br /> <br />Bo McDonough and Lillian M. McDonough, hereinafter refeXTed to as <br /> <br />the McDONOUGHS, <br /> <br />WITNESSETH: <br /> <br />1. The McDONOUGHS, in consideration of the sum of <br /> <br />One Thousand Dollars ($1,000.00) on this day paid by the VILLAGE to <br /> <br />the McDONOUGHS, receipt whereof is hereby acknowledged, hereby <br /> <br />grant unto the VILLAGE the exclusive right, at its option, for a period <br /> <br />of nine (9) months commencing on March 15, 1966 through December 15, <br /> <br />1966, both dates inclusive, to purchase for the price of Two Hundred <br /> <br />Seventy-Five Thousand Dollars ($275,000.00), under the terms and at <br /> <br />tile time hereinafter provided, the follOWing described real property situate <br /> <br />in the Village of Roseville, County of Ramsey and State of Minnesota, <br /> <br />and legally described as follows, to-wit: <br /> <br />All of the Northeast Quarter of the Southwest Quarter <br />(NoE.l/4 of SoW. 1/4) of Section Ten (10), Township <br />Twenty-nine North (29 N.) Range Twenty-three West <br />(23 Wo) lying North of the North right-of-way line of <br />State Trunk Highway #36 except the South Two Hundred <br />Thirty-five Feet (8.235') of the East Seven Hundred <br />Sixty Feet (E. 7 60') thereof, and except that part thereof <br />taken for Hamline Avenue, subject to easements of record <br />to the Minnesota State Highway Department, all in <br />Ramsey County, Minnesota. <br /> <br />EXHIBIT A <br />