10-15-1984 Council Packet - Laserfiche WebLink

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EASEMENT PURCHASE AGREEMENT 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; WHEREAS, VANEECKHOUT BUILDING CORPORATION (hereinafter the Seller), is the fee owner of the certain property known as TRACT I of Registered Land Survey No. 1447; WHEREAS Buyers are interested in subdividing their property including that ACT C, and as that tract abuts Seller's property, TRACT 1, and TRACT I is a -nary access road for entrance to and exit from the property to be subdivided by -Ayers; NOW, THEREFORE, for $1.00 and other good and valuable consideration the sufficiency of which i-. hereby acknowledged, the Buyers agree to purchase, and the Seller agrees to sell, a permanent utilities and access Easement over Seller's property known as WHITE OAK DRIVE, and legally described, as TRACT I, Registered Land Survey No. 1447, situated in the County of HENNEPIN, State of MINNESOTA. The Easement shall include an easement for all utilities, including gas, electric, water, cable television or other such communication cable systems, sewage and drainage, and driveway and access easement for no more than three separate parcels on the adjoining property now owned by the 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 of the easement shall be paid at time of sale of any such parcel or no later than August 15, 1986. In the event that the property is unable to be subdivided as anticipated, and Buyers do not otherwise exercise their rights 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 assigns, shall assume their pro rate share in the cost of maintenance and improvement of WHITE OAK. DRIVE. It is also understood and agreed by the parties that a portion of the purchase price of said Easement shall be use for maintenance or improvement of WHITE OAK DRIVE at or about the time purchase is completed. This Easement shall run with the land and shall be binding un and shall enure to the benefit of the parties hereto, their heirs, successors or assigns. The parties hereto, in acknowledgement and acceptance of the above agreement and the sale made thereby and the conditions expressed therein, hereby execute this dogument. II r p DATED: harl� V Eeckhout, President eorge C. FJnk Van EeckHout Building Corporation o SELLER �{ n Judni Rogosske F : BUYE1 3