09-17-1984 Planning Packet - Laserfiche WebLink

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EASEMENT PURCHASE AGREEMENT County of; I t* or of re iston. and WHEREAS JUDITH A. ROGOSHESKE and GEORGE C. FUNK (hereinafter the Buyers), are the owners of the certain property known as TRACT C of Registered Land Survey No. 1340; WHFREAS VANEECKHOUT BUILDING CORPORATION (hereinafter the Seller), I, the” fowne^ofVhe certain property known .a Til ACT I of Registered Land Survey No. 1447; WHEREAS Buyers are interested in subdividing trm-t i?*I TRACT C, and as that tract abuts Seller’s property, TRACT I, and j necessary access road for entrance to and exit from the properly to be subdivided by the Buyers; NOW THEREFORE, for $1.00 and other good and valuable consideration the sufficiency of which is hereby acknowledged, the Buyers agree Seller agrees to sell, a permanant utilities and access Easement over Seller s pr p y known as WHITE OAK DRIVE, and legally described as TRACT S Registered Land Survey No. 1447, situated in the County of HENNEPIN, State of MINNESOTA. The Easement shall include an easement for all utilities, including electric, water cable television or other such communication cable systems, ^e'vage and r«in»ga, and driveway and access casement for no more than three separate parcels on the adjoining property now owned by tnc Buyers. Buyers and Sellers agree that the price for the Easement shall be: $2,000.00 for each parcel of land, if three parcels are developed; or $3,000.00 for each parcel of land, if two parcels are developed. The remaining amount to be due and owing on the purchase price ot the casement shall be paid at time of sale of any such parcel 2°. ®^®^ than Aueust 15, 1986. In the event that the property is unable Ip »e ^bdivldfd as anticipated, and Buyers do not otherwise to purchase said easement, this agreement shall be null and void on or after August 15, 1986. The Buyers agree that upon full payment for the Easement, the Buyers, or their assignrshol7ossumc their pro rata share in the cost of maintenance and .mprovement of WHITE OAK DRIVE. It is also understoci and agreed by the parties that a portion of ^^'^ase price of said Easement shall be use for maintenance or improvement of WHITE OAK DRIVE at or about the time purchase is completed. 'Phis Easement shall run with the land and shall be binding on and shall enure to the benefit of the parties hereto, their heirs, successors or assigns. The oartics hereto, in acknowledgement and acceptance of the above agreement ond the sale mode thereby and the conditions expressed tlicrem, hereby execute this document. DATED: Q 3> ^ Kf S' / V?harfe Va n E(T^h F r^d c n t Van Eeckllout Building Corporation SELLER f icorge C. Funk OL'V'l/'t Judit A. Rogosheske