2. HRSR 04-14-2020 - Laserfiche WebLink

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EXHIBIT B Form of Escrow and Occupancy Agreement THIS AGREEMENT entered into this 14day of April, 2019, byTim Smith, Trustee of the Cora Smith Trust under trust agreement dated May 14, 2001 and any amendments thereto (the “Trust”) and CRAG Enterprises, LLC, a Minnesota limited liability company (“CRAG”)(together, “Occupants” or “Grantees”), and theHousing and Redevelopment Authority of the City of Elk River, a public body corporate and politic under the laws of the State of Minnesota (“Grantor”) and KENNEDY & GRAVEN, CHARTERED (“Escrow Agent” or “Agent”). BACKGROUND The Trust has, as of the date of this Agreement,sold and conveyed to Grantor the following described tract of land including improvements located thereon: Lot 11 and that part of Lot 12 lying Westerly of the East 4.50 feet of Lot 12, Block 1 of Auditors Subdivision No. 5, according to the recorded platthereof, Sherbune County, Minnesota (the “Property”). CRAG is an occupant of the Property. Although the sale and conveyance of the Property transferred to Grantorthe exclusive title and right to possession, the parties have agreed that Grantor will, subject to the terms and conditions of this Agreement, grant to CRAGthe right to continue to occupy the Property. RECITALS NOW, THEREFORE, in consideration of the mutual covenants and stipulations hereinafter contained, the parties hereto agree as follows: 1.Grant of Occupancy. Grantor hereby grants and CRAG hereby acceptthe right to occupy the Property commencing on the date of this Agreement. CRAG shall giveGrantor 30 days’ written notice when it intends to vacate the Property. 2.Grantee Acknowledgment. Grantees acknowledgethat this grant of occupancy constitutes the sole and exclusive right of CRAGto occupy the Property from and after the date of thisAgreement, and further acknowledges that absent further written agreement of the parties, Granteesshall have no right to further occupy the Property upon and after the termination of this Agreement. 3.Rent.CRAGmay occupy the Property without payment of rent to Grantor. 4.No Damage. Grantees agreenot to cause damage to the Property or to any structure or improvement located on the Property and agreeto deliver possession of the Property to the Grantor B-1