4.13. SR 03-07-2016 - Laserfiche WebLink

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PURCHASE AGREEMENT 1. PARTIES. This Purchase Agreement is made on , 2016, between the County of Sherburne, State of Minnesota, 13880 Business Center Drive, Elk River Minnesota 55330 (a municipal entity) ("Seller") and the City of Elk River ("Buyer"), 13065 Orono Parkway, Elk River Minnesota 55330. 2. OFFER/ACCEPTANCE. Buyer offers to purchase and Seller agrees to sell real property located in the vicinity of Joplin and Business Center Drive, City of Elk River, County of Sherburne, State of Minnesota, legally described as: PROPERTY DESCRIPTION (Reference Quiet title Action per Document No. 576072): All that part of the West Half of the Northeast Quarter of the Southwest Quarter of Section 32, Township 33, Range 26, Sherburne County, Minnesota, described as follows: Commencing at the Northeast corner of said West Half of the Northeast Quarter of the Southwest Quarter thence south along the east line thereof to intersect with the southerly right-of-way line of Main Street as dedicated in the plat of GOSPODOR'S ORONO LAKE ADDITION, according to said plat on file and of record in the office of the County Recorder, Sherburne County, Minnesota, said point being the point of beginning; thence westerly along the westerly extension of said southerly right of way to the west line of said West Half of the Northeast Quarter of the Southwest Quarter; thence north along said west line to intersect the centerline of Old U.S. Highway No. 10 (said centerline being a line drawn 33.00 north of said westerly extension), thence easterly along said centerline to the point of beginning. Further, the Buyer and the Seller there is an old existing billboard subject to an existing lease as referenced in Section 5(f) that has historically been used for advertisement for the county fair with intent to replace the billboard with a mew digital advertising sign that can -advertise County events further outlined in Section 19(d). 3. ACCEPTANCE DEADLINE. This offer to purchase, unless accepted sooner, shall be null and void at 5:00 p.m. on 2016, and in such event all earnest money shall be refunded to Buyer. 4. PRICE AND TERMS. The price for the real and personal property included in this sale is eighteen thousand three hundred sixty five dollars ($18,365), which Buyer shall pay as follows: Earnest money of $1,000.00, the receipt of which is hereby acknowledged, and the balance of $17,365.00 in cash or by certified check on , 2016, the DATE OF CLOSING. The closing shall be held at Sherburne County