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BUILDING MOVING AGREEMENT <br /> This Building Moving Agreement (the "Agreement") is made this day of , <br /> 2020 by and between Otting House Movers, LLC, a Minnesota limited liability company (the <br /> "Buyer") and the Housing and Redevelopment Authority of the City of Elk River, a Minnesota <br /> body corporate and politic (the"HRA"). <br /> RECITALS <br /> WHEREAS, the HRA is the fee simple owner of real property located at: 419 3rd Street <br /> NW and 406 Main Street NW,Elk River,Minnesota(the"Properties"); and <br /> WHEREAS, the HRA will be redeveloping the Properties and needs to remove the house <br /> that is on 419 3rd NW and the house and garage that are located on 406 Main Street NW (the <br /> "Buildings"); and <br /> WHEREAS, the HRA has received an offer from the Buyer to purchase the Buildings and <br /> remove them from the Properties; and <br /> WHEREAS, the Buyer is a licensed building mover in the State of Minnesota and has <br /> secured a location to relocate the Buildings; and <br /> WHEREAS, on August 3, 2020, the HRA accepted the Buyer's offer, subject to the <br /> execution of this Agreement; and <br /> WHEREAS, the parties now wish to fulfill the requirements of the HRA's acceptance by <br /> defining the terms and conditions of the removal and relocation of the Buildings; and <br /> NOW, THEREFORE,the HRA and the Buyer agree as follows: <br /> TERMS <br /> 1.0 PAYMENT. The Buyer agrees to pay the HRA $4,500 for the house located on <br /> 419 3rd Street NW and $5,000 for the house and $500 for the garage located on 406 Main Street <br /> NW, which amounts to a total of $10,000 (the "Purchase Price") for the Buildings, which is due <br /> upon execution of this Agreement. Upon receipt of the Purchase Price and removal of the Buildings <br /> from the Properties, the HRA shall deliver to the Buyer a bill of sale for the Buildings. The Buyer <br /> shall acquire no interest in the Properties as a result of the transaction contemplated by this <br /> Agreement. <br /> 2.0 BUILDING CONDITION. The Buyer acknowledges that the Buyer has inspected <br /> or has had the opportunity to inspect the Buildings and agrees to accept the Buildings "AS IS"with <br /> no right of set off or reduction in the Purchase Price. Such sale shall be without representation of <br /> warranties, express or implied, either oral or written, made by the HRA or any official, employee or <br /> 502574v1 SJS LA275-59 <br />