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BCOL Advisory Council Agenda Packet 10-02-2015BCOL ADVISORY COUNCIL AGENDA: March 6, 2015 BERTRAM CHAIN OF LAKES REGIONAL PARK �h ADVISORY COUNCIL MEETING AGENDA M C H A I N 0 � FRIDAY, OCTOBER 2, 2015 C H A N LAKES 8:00 A.M. REGIONAL PARK BRIDGE ROOM, MONTICELLO COMMUNITY CENTER 1. Call to Order 2. Consideration of Approving Minutes From August 7, 2015 3. Consideration of adding to and approving the agenda 4. Athletic Complex— Review Athletic Park Concepts (Tom /Angela) 5. Review and Recommendation of Revised MOU (Marc /Angela) 6. Review and Recommendation of Phase 7 and 8 Purchase Agreements (Marc /Angela) 7. Joint Powers Update (Marc /Angela) 8. Bertram Programs Update (Kitty) 9. Friends of Bertram Update (Jim and Martyn) 10. Discussion of Added Items 11. Schedule Next Meeting — November 6, 2015 12. Adjourn MINUTES BERTRAM CHAIN OF LAKES REGIONAL PARK ADVISORY COUNCIL Friday, August 7, 2015, 8:00 a.m. Bridge Room, Monticello Community Center Advisory Council Members Present: Martyn Dibben, Jim Hayes, Kim Hewson - Garber, Tom Jahnke, Jim Lindberg, Larry Nolan, Wes Olson, Scott Peterson, Glen Posusta, Brian Stumpf Members Absent: Mark Daleiden, Pat Sawatzke, Sandra Theros Staff Present: Beth Green, Brad Harrington, Stacy Marquardt, Marc Mattice, Tom Pawelk, Angela Schumann Others Present: Tim Hennagir, Michelle Hertwig, Summer Hertwig, Nancy McCaffrey, Brian Stoll 1. Call to Order. Martyn Dibben called the meeting to order at 8:05 a.m. and declared a quorum present. 2. Consideration of approving minutes from June 5, 2015 meeting. WES OLSON MOVED TO APPROVE THE MINUTES FROM THE JUNE 5, 2015 REGULAR MEETING. MOTION SECONDED BY JIM LINDBERG. MOTION CARRIED UNANIMOUSLY, 10 -0. 3. Consideration of adding to and approving the agenda. TOM JAHNKE MOVED TO APPROVE THE AGENDA MODIFYING THE SEQUENCE. MOTION SECONDED BY LARRY NOLAN. MOTION CARRIED UNANIMOUSLY, 10 -0. 4. Work scheduled for amphitheater upgrade /repairs. Marc Mattice said that an Eagle Scout will be working on the amphitheater improvements and noted that there is money budgeted for materials and the scout will start in work in September. Work will include power washing, replacing boards as needed, securing boards, redoing the treadways and doing some landscaping around the edges. Mattice noted that volunteers from the Friends of Bertram are welcome to help on the weekends in September. 5. 2016 rental facilities, available dates and fee schedule. Marc Mattice said that they will have the amphitheater available for rent in 2016. The Wright County Parks Commission will add that to the fee schedule and the reservation page. Mattice noted that if someone has booked a reception at the Monticello Community Center, they can go online to book their wedding ceremony at the park for a "package deal" so to speak. Reservations open the first Monday in January. Mattice said that he is meeting with the YMCA to determine the availability of some of their new facilities for rentals next season. At this time, they have agreed to the arts & crafts pavilion and the nature pavilion for weekend reservations to the public. Wright BCOL Regional Park Advisory Council Meeting Minutes: June 5, 2015 County staff will coordinate the rentals including setup /cleanup. Mattice proposes that the Wright County Parks retain the rental fees since it is Wright County staffing and this will help to offset the maintenance costs. The rates will be consistent with current Wright County rental rates of $75 /amphitheater and $50 /shelter. The County Board will adopt the official fee schedule in September. TOM JAHNKE MOVED TO AUTHORIZE THE RENTAL FEES BE GIVEN ENTIRELY TO WRIGHT COUNTY TO OFFSET THE WRIGHT COUNTY PARKS STAFF MAINTENANCE COSTS. MOTION SECONDED BY SCOTT PETERSON. MOTION CARRIED UNANIMOUSLY, 10 -0. 6. Phase 2 natural themed playground update. Michelle Hertwig said that the Rotary is interested in helping with Phase 2 of the playground and she would personally like to keep working with the group. A small tot area for ages 2 -5 has been identified as a need for the playground. Hertwig said she will continue to be the contact for the Rotary and she would like to meet with the Friends and the County to see where everything is at so that they can begin the next grant application process. Jim Lindberg said they have also identified a need for trees along the south side of the new playground for shade and that could be part of Phase 2. Marc Mattice will work on quotes for a small tot area and communicate with the group for the next phase of the playground. 7. Parcel 12 — Consider and review management options for 2016. Marc Mattice indicated that latest acquisition includes Parcel 12 and discussed options for management of the area in 2016. This is the area including the horse barn and pasture at the southwest corner of the park along 90th Street & Briarwood Avenue (a 40 -acre parcel). Mattice said that this is the last year for horses in the horse camp and without the horses in the pasture the concern is that the area will become severely overgrown with weeds. T. Looking at that we can't just pull the horses off and think it's going to be good and it will be one big mess. Options to consider for maintaining the area include: A. Grazing Pasture: Working with a farmer to rent the area for grazing cattle, sheep or goats. Concerns are that the grazing will cause the same issues down the road with weeds and compaction. B. Contract Farming: Working with a local farmer to till it up and manage the area for a future restoration project. Mattice noted that there are conservation partnership grants available for restoration projects; however, with the grant application and award process, it would put the restoration out to 2018. In the meantime, working with a farmer may be the best solution. Tom Pawelk said his recommendation would be to talk to Mark Holker and he worked on the east side of the project and he could row crop it. C. Horse Pasture: Ask the YMCA if they would consider keeping their horses there for a rental fee but not using other areas of the park. Mattice said that the rental fee would only cover the taxes as this option would be a higher tax rate. 2 BCOL Regional Park Advisory Council Meeting Minutes: June 5, 2015 Larry Nolan inquired about the long term goal for the property. Mattice said that the Natural Resource Plan is to restore that area to Oak Savannah and other than that, nothing else has been decided for that area of the park. Tom Jahnke suggested treating the pasture with a broadleaf herbicide to keep it in grassland and then convert to forests after a grant is received. Mattice noted that the land is too heavily compacted at this time and needs to be worked up before any restoration planting can occur. TOM JAHNKE MOVED TO RECOMMEND PURSUING A CONTRACT WITH A LOCAL FARMER TO OFFER THE LAND TO THEM WITH AN AGREEMENT FOR THE FARMER TO DO THE SITE PREPARATION SIMILAR TO THE AGREEMENT AT NYE PARK WITH CHEMICAL RESTRICTIONS. MOTION SECONDED BY JIM LINDBERG. MOTION CARRIED UNANIMOUSLY, 10 -0. 8. Athletic Complex — Stakeholder interview between Advisory Council, Monticello Parks Commission and the consulting engineer, WSB & Associates. Angela Schumann noted that this is the Advisory Council and Parks Commission's initial opportunity to provide input and guidance on the development of the Athletic Complex Master Plan at Bertram. Schumann introduced Jason Amberg and Breanne Rothstein from WSB & Associates, the consulting engineer. Amberg explained that they are in the very initial stages of the planning process and they are looking for the Advisory Council's perspective. They are gathering all the information they can for the first part of the planning process by asking the various groups for input and brainstorming on three main topics: Name your favorite things about Monticello Parks. Name your least favorite things about Monticello Parks. Name things you would like to see added to Monticello Parks. The Advisory Council was asked to put every idea on a post -it note to be added to each of the three categories listed. Rothstein explained that after they gather all of the information they will host a public open house on September 17th at the MCC to ask the public for community visioning and will incorporate those ideas into the plan as well. Schuman said that she will email out the detailed project schedule that was included in the RFP. 9. Status report on YMCA Day Camp facility construction. Marc Mattice distributed photos of the progress of the new YMCA Day Camp facilities. Mattice said according to the operating agreement the facilities will be open to the public outside the camp hours and the YMCA will be charging admission. The new facilities are expected to be completed by September with opening of the new Camp Manitou for the 2016 season. 10. Bertram programming and event updates. Angela Schumann shared the programming updates and noted the Blazin' Thru Bertram Phillip LaVallee Memorial Run is planned the Saturday of Labor Day Weekend, September 5th. Race day 3 BCOL Regional Park Advisory Council Meeting Minutes: June 5, 2015 registration begins at 7:30 with the run starting at 9:00 a.m. Volunteers are requested for the event. A schedule will be sent out schedule to the Advisory Council for volunteering. Marc Mattice said the mountain bike trails are very popular and the trails at Bertram have been ranked the #2 trails in the St. Cloud area and #55 in the state. 11. Friends of Bertram update. Jim Lindberg said that the Friends were at the Walk & Roll in June and that event was well attended. The combined efforts between the Rotary, the Friends, Wright County and Monticello Parks to complete the playground worked very well they have received good feedback about the natural theme playground. Lindberg said the Friends will be happy to help with the amphitheater improvements in the fall. 12. Joint Powers Update. Angela Schumann said that the BCOLAC agreed to the draft joint powers agreement at a previous meeting. However, at the county level there are some concerns about how the insurances would work together if there was an issue at the park. The direction appears to be to keep the structure of the agreement as is now with some fine tuning that will more clearly delineate the responsibility form an insurance perspective of the two organizations. The County will be primarily responsible for the larger passive area of the park and the City will be responsible for the active athletic area of the park. The goal is for the County attorney and the two insurance trusts to work through the final language and come to an agreement at which time the JPA will come back to the Advisory Council for final review before goes onto the City Council and the County Board for approval. Marc Mattice said they should have the agreement for review to the Advisory Council at the October meeting. 13. 2015 work plan update. Marc Mattice discussed the work plan progress thus far including: • Directional Signs: The directional signs to the park have been installed along the road right of ways. • Single Track Trails: Contractor work was completed and continuing to work with MORC on weekly trail building and maintenance. • Rotary Playground: The first phase of the natural playground is complete and will be working with the Rotary and the Friends on the second phase for next year. • Amphitheater Improvements: The Eagle Scout will be working on the improvements in September. • Beach Trail: The walking trail from the new parking area to the beach has been completed to allow users easier access with strollers, wagons, etc. • Park Road Extension: The turnaround at the beach has been completed and the Highway Department will need to come back this fall to complete the road with cub cutting, filling, grading and Class 5 after the YMCA construction is complete. Weather permitting the goal is to complete the end of October/November. M BCOL Regional Park Advisory Council Meeting Minutes: June 5, 2015 • Landscaping Long Lake Fishing Pier: The landscaping improvements around the fishing pier at Long Lake will be pushed out to next year. • Landscaping Picnic Area: The picnic area has been completed around the playground but will push out the improvements on the east side of the beach to next year. 14. Maintenance of trails and park access. Marc Mattice said that crews have been working on the hiking trail system and maintenance. They are keeping the trails a little wider at this time as they continue to extend the trails. Mattice said there were some issues earlier in the spring with the treatment of buckthorn along the trail with herbicide and those practices have since been evaluated and remedied and it is a matter of educating the maintenance crews. The ski trails will be wider in the winter to allow for the grooming equipment to get through. In general Mattice noted the walking trails will be 6 -8' wide and the ski trails will be 12 -14' wide. It's also important that the trails allow access for emergency vehicles and the county maintenance equipment such as the ranger 15. Discussion of added items. None. 16. Schedule next meeting October 2, 2015, and take action to cancel September meeting. Marc Mattice proposed canceling the September meeting as it falls on the Friday before Labor Day weekend. Angela Schumann suggested to keep the meeting date but rather for members that are available to meet on site to tour the improvements to the park and the new YMCA camp. Consensus is to send out a notice of an informal meeting with no action items for any members interested in touring the park on Friday, September 4, 2015, at 8 a.m. 17. Adiourn. TOM JAHNKE MOVED TO ADJOURN THE MEETING AT 10:07 A.M. MOTION SECONDED BY GLEN POSUSTA. MOTION CARRIED UNANIMOUSLY, 10 -0. Recorder: 6�3eth &rem Administrative Assistant Approval Date: Attest: Martyn Dibben, BCOLAC Chairman 5 SIXTH ADDENDUM TO MEMORANDUM OF UNDERSTANDING BETWEEN THE COUNTY OF WRIGHT, THE CITY OF MONTICELLO AND YOUNG MEN'S CHRISTIAN ASSOCIATION OF THE GREATER TWIN CITIES RE: YMCA /BERTRAM LAKE REGIONAL PARK PROJECT This document is the Sixth Addendum to a Memorandum of Understanding dated December 16, 2008 (the "MOU ") between the County of Wright, (hereinafter referred to as "County "), the City of Monticello, (hereinafter referred to as "City "), (both collectively referred to as "Buyers "), and Young Men's Christian Association of the Greater Twin Cities (hereinafter referred to as "YMCA and as "Owner "). :1X6]IIL\1141 The Buyers and Owner previously made addenda to the MOU: a First Addendum to Memorandum of Understanding dated December 16, 2008 (the "First Addendum "), a Second Addendum to Memorandum of Understanding dated June 10, 2010 (the "Second Addendum "), a Third Addendum to the Memorandum of Understanding dated December 13, 2011 (the "Third Addendum ") a Fourth Addendum to the Memorandum of Understanding dated December 16, 2013 (the "Fourth Addendum "), a Fifth Addendum to the Memorandum of Understanding dated June 3, 2014 (the "Fifth Addendum ", in order to accommodate revisions to the parcel descriptions and the schedule for closing the incremental transactions. The Parties seek to continue to pursue the purchase and sale of the Property for the sum of $20,500,000.00 as described in the MOU (as modified by the First Addendum, Second Addendum, Third Addendum, Fourth Addendum and Fifth Addendum) and to continue to collaborate in using the Property for programs to provide opportunities for youth, teens, and families for outdoor environmental and recreational experiences. It is the intent of Buyers and Seller that the MOU as modified by the First Addendum, Second, Third, Fourth, and Fifth Addendum remains in full force and effect except as modified by this Sixth Addendum. This Sixth Addendum is made for the purposes of further revising the parcel descriptions and the schedule for closing the incremental transactions. NOW, THEREFORE, THE PARTIES AGREE AS FOLLOWS: Incremental Transactions: Paragraph 5 of the MOU addresses incremental transactions, and indicates the order in which such transactions are to occur. Each transaction is to be the subject of a separate Definitive Agreement. The seventh incremental transaction just completed provided for the conveyance of Parcels 1B and 4A. Accordingly, Paragraph 5 of the MOU shall now be modified to reflect that the incremental transactions will be closed and completed in the following order and will include such segments of the Property as are identified below. 1. Parcels 5A, 6 and 11, purchase completed December 2008. 2. Parcel 5B, purchase, completed June 2010. 3. Parcel 7A, purchase, completed November 2011 4. Parcels 9, 10 and 12, completed December 2013 5. Parcels 5C, 7B, 8A, completed June 2014 6. Parcels 1A, 813, completed June 2014 7. Parcel 1 B and 4A, Completed November, 2015 8. Parcel 4B, Scheduled for 2016 9. Parcels 1C, and 2 10. Parcel 3A (Xcel Easement) and 3B Total Cash Price: Paragraph 10 of the MOU addresses the total cash price to be paid by the Buyers to the YMCA for all parcels. The Parties reaffirm their intention that the purchase and sale of the Property shall be for a total price of $20,500,000.00 allocated among the segments of parcels as described herein. For the purpose of this ongoing agreement and the transactions contemplated herein the Total Cash Price is allocated among the parcels as follows: Parcel Market Value Allocation 1C, 2 $1,015,500 ........................................................................................................................................................ 3B ............................... $3,526,733 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 4B . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,400,180 SUBTOTAL $5,942,413 5A, 6, 11 $3,600,000 ................................. 5. .......................................................................................................... 6 ............................... $1,099,256 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 7A . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $2,275,500 .... 1.... 1 _ .............................................................................................. 9,0,2 ............................ $1,241,333 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 5C,7B, 8A . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $2,807,000 ........................... ............................... ................................................................................................ 1A, 8 B ............................... .............................. $1,004,000 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 3A (Xcel) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $17,100 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 1B . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $240,578 . . . . . . . _ . . . . ............................................... . . . . . . . . . . . . . . . . . .. . . . 4A . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $2,272,820 TOTAL $20,500,000 The parties have reviewed an appraisal document which opines that the total value of the Property is $13,131 greater than the above allocations. Accordingly, the allocated price for parcel 3A, a future incremental transaction, has been adjusted to account for that differential. Ground Lease and Operating Agreements In 2014, the parties entered into a ground lease and operating agreement for the operation of YMCA Day Camp Manitou within Bertram Chain of Lakes Regional Park. The terms of these documents reflect the ongoing operations for YMCA Day Camp Manitou within Bertram Chain of Lakes Regional Park and govern use, occupancy, operations, maintenance, and programming of the YMCA Day Camp Manitou and Bertram Chain of Lakes Regional Park. Closing Date: Paragraph 13 of the MOU addresses the initial closing date and end date of this MOU. The purchase and sale of each segment shall close as described in the Definitive Agreement for each segment. Term of Future Purchase Option. The Fifth Addendum of the MOU would have the purchase opportunity terminate on December 31, 2015. The Parties agree to extend that deadline one year, until December 31, 2016. SIGNATURE PAGE FOLLOWS Dated: Dated: Dated: COUNTY OF WRIGHT Chairperson, County Board County Coordinator CITY OF MONTICELLO Mayor City Administrator YOUNG MEN'S CHRISTIAN ASSOCIATION OF THE GREATER TWIN CITIES Glen Gunderson, President and Chief Executive Officer Gregory W. Waibel, Chief Financial Officer 4834 -5822 -2121, v. 1 PURCHASE AGREEMENT 1. PARTIES. This Purchase Agreement is made on the day of , 2015, (the "Effective Date ") by and between the CITY OF MONTICELLO, a Minnesota municipal corporation ( "City "), and WRIGHT COUNTY OF MINNESOTA, a political subdivision of the State of Minnesota ( "County ") (collectively referred to herein as "Buyers "), and YOUNG MENS CHRISTIAN ASSOCIATION OF THE GREATER TWIN CITIES, a Minnesota corporation ( "Seller "). 2. OFFER/ACCEPTANCE. Buyers agree to purchase and Seller agrees to sell real property (the "Property ") located in Monticello Township, County of Wright, State of Minnesota, legally described in Exhibit "A" attached hereto and incorporated herein. 3. PRICE AND TERMS. The price for the Property included under this Purchase Agreement is two million, two hundred seventy -two thousand, eight hundered twenty and No /100ths ($2,272,820) Dollars, which Buyers shall pay in cash on the DATE OF CLOSING, as hereinafter defined. 4. DEED /MARKETABLE TITLE. Upon performance by Buyers, Seller shall execute and deliver a Limited Warranty Deed, conveying good and marketable title of record to Buyers as tenants in common, subject to only to the following exceptions (collectively, "Permitted Exceptions "): A. Building and zoning laws, ordinances, state and federal regulations; B. Exceptions to title which constitute encumbrances, restrictions, or easements of record; C. Exceptions to title not of record which are disclosed to Buyers and approved by Buyers; D. Matters disclosed in any survey of the Property or which a correct survey of the Property would show; and E. Property Taxes and Assessments. 5. REAL ESTATE TAXES AND SPECIAL ASSESSMENTS. A. Seller shall pay all general real estate taxes and installments of special assessments due and payable in the year prior to the Date of Closing and in years prior thereto. Real estate taxes due and payable in and for the year of closing shall be prorated between Seller and Buyers on a calendar year basis to the actual Date of Closing; B. Seller shall not be required to pay any future installments of any special assessments; C. Seller shall pay on date of closing any deferred real estate taxes (including "Green Acres" taxes under MINN. STAT. §273.111) or special assessments payment of which is required as a result of the closing of this Agreement; D. Buyers shall pay real estate taxes and any installments of special assessments due and payable in the year following closing and thereafter. 6. SELLER'S LIEN WARRANTIES. Seller warrants that there has been no labor or material furnished to the Property for Seller for which payment has not been made. These warranties shall survive the delivery of the Deed or Contract for Deed for a period of six (6) months. 7. ACCESS PRIOR TO CLOSING. Upon reasonable notice to Seller, Buyers and Buyers' authorized agents shall have the right during the period from the date of this Agreement to 120 days after the Effective Date to enter in and upon the Property in order to make, at Buyers' expense, surveys, measurements, soil tests and other tests that Buyers shall deem necessary. Buyers agree to promptly pay all costs incurred; to immediately restore any resulting damage to the Property and to indemnify, hold harmless and defend Seller and the Property from any and all claims or liability of any nature whatsoever related to Buyers' actions hereunder, including all actions, proceedings, demands, assessments, costs, expenses and attorneys' fees. Buyers shall not perform any invasive testing of the Property without Seller's prior written consent. Seller's consent may be conditioned upon any restrictions that Seller deems necessary. Buyers shall provide to Seller a copy of any such surveys, measurements, soil tests or other tests within five (5) days after receipt. 8. POSSESSION. Seller shall deliver possession of the Property not later than the actual date of closing. 9. TITLE INSURANCE BY SELLER. Seller shall, within a reasonable time after acceptance of this Agreement, furnish a title insurance commitment certified to date to include proper searches covering bankruptcies, state and federal judgments and liens, and levied and pending special assessments. Seller is not required to provide an abstract of title. Seller shall pay all costs associated with the issuance of such commitment. Buyers shall pay the premium for the owner's and mortgagee's policy of title insurance. The commitment for title insurance shall be issued in the full amount of the Purchase Price by a title insurance company in good standing and duly authorized to do business in Minnesota ( "Title Insurer "). The commitment for title insurance shall be issued in the full amount of the Purchase Price by Title Insurer by which said company commits to issue its policy of title insurance that: (1) Insures that at Closing Buyers shall have marketable and insurable title of record to the Property, free and clear of all liens, encumbrances, leases, claims and charges, all material easements, rights -of -way, covenants, conditions and restrictions and any other matters affecting title, except for Permitted Exceptions and such matters as are approved by Buyers in writing. (2) Waives or insures against the following standard exceptions: (a) Facts which would be disclosed by a comprehensive survey of the Property, but only if Buyers timely deliver a survey of the Property in form acceptable to the title company; (b) Rights and claims of parties in possession; and (c) Mechanic's, contractor's and material liens and lien claims. Buyers shall be allowed ten (10) business days after the receipt of the title commitment for examination of title and making any objections, which shall be made in writing or deemed waived. If any objection is so made, Seller shall have ten (10) business days from receipt of Buyers' written title objections ( "Seller's Election Notice Period ") to notify Buyers whether Seller intends to cure such objections. Seller shall have no obligation to cure any objections made by Buyers, except that Seller shall be obligated to remove any mortgage or financing liens or other monetary liens created against the Property by Seller. If Seller elects to cure such objections, Seller shall have a period of ten (10) days from Seller's receipt of such written objections ( "Seller's Cure Period ") within which to do so. Any objection shall be deemed cured to the extent Seller is able to compel the Title Company to delete the objectionable exception from the Title Commitment or to issue an endorsement to Buyers' Owner's Title Policy that insures over the objectionable exception. If notice to cure is given by Seller, the Closing shall be postponed pending cure of title, but upon cure of title and within ten (10) days after written notice to Buyers, the parties shall perform this Agreement according to its terms. If no such election to cure notice is given by Seller or if such notice is given but title is not cured within the time provided for, then Buyers shall have the option as their sole and exclusive remedy to terminate this Agreement in which event this Agreement shall be null and void and no party shall be liable for damages hereunder to the other. If Buyer does not elect to terminate this Agreement, Buyers' objections shall be deemed part of the Permitted Exceptions and the parties shall perform this Agreement according to its terms. Buyers shall make such election by notifying Seller within ten (10) days after expiration of Seller's cure period or within ten (10) days after expiration of Seller's Election Notice Period, as the case may be. If this Agreement is terminated as permitted under the terms of this Paragraph 5, then upon request by Seller, Buyers and Seller agree to sign a cancellation of this Agreement or Buyers shall deliver a Quit Claim Deed to the Property to Seller. 10. WELL DISCLOSURE. [Check one of the following: J X Seller certifies that Seller does not know of any wells on the Property. Wells on the Property are disclosed by Seller on the attached Well Disclosure form. 11. DISCLOSURE OF INDIVIDUAL ON -SITE SEWAGE TREATMENT SYSTEM. [Check one of the following: J X Seller certifies that Seller does not know of any individual on -site sewage treatment systems on the Property. Individual on -site sewage treatment systems on the Property are disclosed by Seller on the attached Disclosure form. 12. SELLER'S COVENANTS, REPRESENTATIONS AND WARRANTIES. Seller does hereby covenant, warrant and represent to the Buyers as follows: A. To Seller's actual knowledge, Seller has or as of the Date of Closing will have marketable and insurable title to the Property of record, free and clear of all liens, encumbrances, leases, claims and charges, all material easements, rights -of -way, covenants, conditions and restrictions and any other matters affecting the title, except for the Permitted Exceptions. For purposes of this Section "Seller's actual knowledge" is limited to the actual knowledge of the undersigned representatives of Seller executing this Agreement on behalf of Seller. B. To Seller's actual knowledge, the conveyance of the Property pursuant hereto will not violate any applicable statute, ordinance, governmental restriction or regulation, or any private restriction or agreement. C. As of the Date of Closing there will be no outstanding or unpaid claims, actions or causes of action related to any transaction or obligation entered into or incurred by Seller with respect to the Property prior to the date hereof. D. Except as provided herein, Seller shall indemnify and defend Buyers and otherwise hold Buyers harmless of, from and against any broker who may be entitled to any commission or finder's fee in connection with the transaction contemplated herein to the extent arising from Seller's actions. E. To Seller's actual knowledge, there are no underground storage tanks. F. Seller is not a foreign person as defined in § 1445(f)(3) of the Internal Revenue Code or regulations issued thereunder. G. To Seller's actual knowledge, there is no action, litigation, investigation, condemnation or other proceedings of any kind pending or threatened against Seller with respect to the Property. H. Except as used in the ordinary course of Seller's activities at the Property and to Seller's actual knowledge, (i) no toxic materials, hazardous wastes or hazardous substances, as such terms are defined in the Resource Conservation and Recovery Act of 1996, as amended (42 U.S.C. §6901, et seq.) or in the Comprehensive Environmental Response Compensation and Liability Act of 1980, as amended (42 U.S.C. §9601, et seq.), including, without limitation, any asbestos or asbestos - related products or materials and any oils, petroleum- derived compounds or pesticides ( "Hazardous Materials ") have been generated, treated, stored, released or disposed of or otherwise placed, deposited in or located on the Property; and (ii) the Property is free of Hazardous Materials and is not subject to any "superfund" type liens or claims by governmental regulatory agencies or third parties arising from the release or threatened release of hazardous substances in, on, or about the Property. Seller shall indemnify and hold Buyers harmless from any and all claims, causes of action, damages, losses, or costs (including reasonable lawyer's fees) relating to breach of the foregoing representations and warranties by Seller or to hazardous substances or petroleum products in the subsoil or ground water of the Subject Property or other property in the area which arise from or are caused by acts or occurrences upon the Subject Property prior to Buyers taking possession. These warranties and indemnifications shall survive the delivery of the Limited Warranty Deed for a period of twelve (12) months after the Date of Closing. 13. SELLER'S AFFIDAVIT. At closing, Seller shall supplement the warranties and representations in this Purchase Agreement by executing and delivering a Minnesota Uniform Conveyancing Blank [Form No. 116 -M, 117 -M, or 118 -M] Affidavit of Seller ( "Seller's Affidavit "). 14. CLOSING. The closing (the "Closing ") shall be at a location designated by Buyers, and shall occur on or before " ( "Closing Date "). At closing, Seller and Buyers shall disclose their Federal Tax Identification Numbers for the purposes of completing state and federal tax forms. 15. CLOSING DOCUMENTS. A. At the Closing, Seller shall execute and/or deliver to Buyers the following (collectively the "Closing Documents "): (1) Limited Warranty Deed. A Limited Warranty Deed in recordable form conveying title in accordance with this Agreement. (2) Seller's Affidavit. A standard form affidavit by Seller indicating that on the date of Closing there are no outstanding, unsatisfied judgments, tax liens or bankruptcies against or involving Seller or the Property; that there has been no skill, labor or material furnished to the Property for which payment has not been made or for which mechanic's liens could be filed; and that there are no other unrecorded interests in the Property. (3) Non - Foreign Person Certification. A certification in form and content satisfactory to the parties hereto and their counsel, properly executed by Seller, containing such information as shall be required by the Internal Revenue Code, and the regulations issued thereunder, in order to establish that Seller is not a "foreign person" as defined in § 1445(f)(3) of such Code and such regulations. (4) Storage Tanks. If required, an affidavit with respect to storage tanks pursuant to Minn. Stat. § 116.48. (5) Well Certificate. If there is a well located on the Property, a well disclosure certificate in form and substance true to form for recording. (6) Certification. A certification that the representations and/or warranties made by Seller are materially the same as were in existence on the date of this Agreement or noting any changes thereto; and (7) Other Documents. All other documents reasonably determined by either party and the title insurance company to be necessary to transfer and provide title insurance for the Property. B. At the Closing, Buyers shall execute and deliver to Seller the following: (1) All documents reasonably determined by the parties and the title insurance company to be necessary to provide title insurance for the Property; (2) Payment of the Purchase Price; and (3) Duly executed Memorandum of Understanding and addendums. 16. CLOSING COSTS. All costs relating to the closing of this transaction shall be allocated according to standards in the industry, except as allocated below: A. Buyers shall pay: (1) Recording fee for the Limited Warranty Deed; (2) One -half the closing fee; and (3) The premium for owner's title insurance, including survey coverage. B. Seller shall pay all (1) Costs of title insurance commitment; (2) State deed tax (3) One -half of the closing fee; (4) Conservation fee attributable to said deed; and (5) Any deferred taxes and penalties due at or before closing. 17. ADDITIONAL TERMS. A. BUYERS' CONTINGENCIES. The obligations of Buyers under this Agreement are contingent upon the satisfaction or waiver of each of the following (the Buyers' Contingencies): (1) The representations and warranties of Seller set forth in this Agreement must be true as of the date of this Agreement and on the Closing Date, and Seller shall have delivered to Buyers at Closing a certificate dated the Closing Date, signed by Seller, certifying that such representations and warranties are true as of the Closing Date. If any of the Buyers' Contingencies have not been satisfied as of the deadline specified above, then Buyers may, at Buyers' option, terminate this Agreement by giving written notice to Seller. Upon such termination, neither Seller nor Buyers shall have any further rights or obligations under this Agreement, except for obligations which expressly survive the termination of this Agreement. The Buyers' Contingencies are for the sole and exclusive benefit of Buyers, and Buyers shall have the right to waive any or all of the Buyers' Contingencies by giving written notice to Seller on or before the deadline for any contingency it waives. B. SELLER'S CONTINGENCIES Execution at closing of the following documents; (1) Executed Memorandum of Understanding and addendums. If any of the Seller's Contingencies have not been satisfied as of the deadline specified above, then Seller may, at Seller's option, terminate this Agreement by giving written notice to Buyers. Upon such termination, neither Buyers nor Seller shall have any further rights or obligations under this Agreement, except for obligations which expressly survive the termination of this Agreement. The Seller's Contingencies are for the sole and exclusive benefit of Seller, and Seller shall have the right to waive any or all of the Seller's Contingencies by giving written notice to Buyers on or before the deadline for any contingency it waives. 18. ADDENDA. Attached are no addenda which are made a part of this Purchase Agreement. 19. TIME IS OF THE ESSENCE; CALCULATION OF TIME PERIODS. Time is of the essence for all provisions of this Purchase Agreement. Unless otherwise specifically provided herein, in computing any period of time described in this Agreement, the day of the act or event after which the designated period of time begins to run is not to be included and the last day of the period so computed is to be included, unless such last day is a Saturday, Sunday or legal holiday under the laws of the State of Minnesota, in which event the period shall run until the end of the next day which is neither a Saturday, Sunday or legal holiday. The final day of such period shall be deemed to end at 5:00 p.m., Central Standard Time. 20. SURVIVAL. It is the intention of the parties that none of the terms of this Agreement will survive and be enforceable after the Closing, except Paragraphs 6 and 12 (H) as expressly so stated in this Agreement and subject to any limitation of the time for survival set forth under this Agreement. 21. CAPTIONS. The paragraph headings or captions appearing in this Agreement are for convenience only, are not a part of this Agreement and are not to be considered in interpreting this Agreement. 22. ENTIRE AGREEMENT; MODIFICATION. This written Agreement constitutes the complete agreement between the parties and supersedes any prior oral or written agreements between the parties regarding the Property. There are no verbal agreements that change this Agreement and no waiver of any of its terms will be effective unless in a writing executed by the parties. The Parties have executed a separate Memorandum of Understanding and Addendum thereto,including a Ground Lease for the relocation of Seller's Camp Manitou. 23. BINDING EFFECT; NO WAIVERS. This Agreement binds and benefits the parties and their heirs, representatives, successors and assigns. The waiver by either party hereto of any condition or the breach of any term, covenant or condition herein contained shall not be deemed to be a waiver of any other condition or of any subsequent breach of the same or of any other term, covenant or condition herein contained. Buyers, in their sole discretion may waive any right conferred upon Buyers by this Agreement; provided that such waiver shall only be made by Buyers giving Seller written notice specifically describing the right waived. 24. GOVERNING LAW. This Agreement has been entered into in the State of Minnesota and shall be governed by and construed in accordance with the laws of the State of Minnesota. 25. RELATIONSHIP BETWEEN SELLER AND BUYERS. Nothing in this Agreement shall be construed as creating a joint venture between the Seller and Buyers or any relationship other than that of Seller and Buyers. 26. NOTICES. All notices and demands given or required to be given by any party hereto to any other party shall be deemed to have been properly given if and when delivered in person, sent by facsimile (with verification of receipt) or three (3) business days after having been deposited in any U.S. Postal Service and sent by registered or certified mail, postage prepaid, addressed as follows (or sent to such other address as any parry shall specify to the other party pursuant to the provisions of this Section): TO SELLER: Glen Gunderson President and CEO YMCA of the Greater Twin Cities 2125 Hennepin Ave Minneapolis, MN 55413 And to Gregory W. Waibel Chief Financial Officer YMCA of the Greater Twin Cities 2125 Hennepin Ave Minneapolis, MN 55413 With a copy to: Brandi Kerber Larkin Hoffman Daly & Lindgren Ltd. 8300 Norman Center Drive Suite 1000 Minneapolis, MN 55437 TO BUYERS: COUNTY: Lee Kelly County Coordinator Wright County 102nd Street N.W. Buffalo, MN 55313 CITY: Jeff O'Neill City Administrator City of Monticello 505 Walnut Avenue, Suite Monticello, MN 55362 With a copy to: Brian Asleson Chief Deputy Wright County Attorney Government Center 10 2nd Street NW Buffalo, MN 55313 Joel Jamnik Campbell Knutson, P.A. Eagandale Office Center, Suite #317 1380 Corporate Center Curve Eagan, MN 55121 27. COUNTERPARTS. This Agreement may be executed in one or more counterparts each of which when so executed and delivered shall be an original, but together shall constitute one and the same instrument. BUYERS: I agree to buy the Property for the price and terms and conditions set forth above. Dated: , 20 CITY OF MONTICELLO By: Mayor And: City Administrator I agree to buy the Property for the price and terms and conditions set forth above. Dated: .20 WRIGHT COUNTY, MINNESOTA Chairperson, County Board And: County Coordinator I agree to sell the Property for the price and terms and conditions set forth above. Dated: , 20 SELLER: THE YOUNG MENS CHRISTIAN ASSOCIATION OF THE GREATER TWIN CITIES Glen Gunderson, President Gregory W. Waibel, Chief Financial Officer EXHIBIT A LEGAL DESCRIPTION OF SUBJECT PROPERTY: nom, -,•oi an Government Lot 2, Section 9, Township 121 North, Range 25 West, Wright County, Minnesota, except the North 330.30 feet thereof. K Government Lot 3, Section 9, Township 121 North, Range 25 West, Wright County, Minnesota. 4852- 2992 -2345, v. 1 PURCHASE AGREEMENT 1. PARTIES. This Purchase Agreement is made on the day of , 2015, (the "Effective Date ") by and between the CITY OF MONTICELLO, a Minnesota municipal corporation ( "City "), and WRIGHT COUNTY OF MINNESOTA, a political subdivision of the State of Minnesota ( "County ") (collectively referred to herein as "Buyers "), and YOUNG MENS CHRISTIAN ASSOCIATION OF THE GREATER TWIN CITIES, a Minnesota corporation ( "Seller "). 2. OFFER/ACCEPTANCE. Buyers agree to purchase and Seller agrees to sell real property (the "Property ") located in Monticello Township, County of Wright, State of Minnesota, legally described in Exhibit "A" attached hereto and incorporated herein. 3. PRICE AND TERMS. The price for the Property included under this Purchase Agreement is two hundred forty thousand five hundered seventy -eight and No /100ths ($240,578) Dollars, which Buyers shall pay in cash on the DATE OF CLOSING, as hereinafter defined. 4. DEED /MARKETABLE TITLE. Upon performance by Buyers, Seller shall execute and deliver a Limited Warranty Deed, conveying good and marketable title of record to Buyers as tenants in common, subject to only to the following exceptions (collectively, "Permitted Exceptions "): A. Building and zoning laws, ordinances, state and federal regulations; B. Exceptions to title which constitute encumbrances, restrictions, or easements of record; C. Exceptions to title not of record which are disclosed to Buyers and approved by Buyers; D. Matters disclosed in any survey of the Property or which a correct survey of the Property would show; and E. Property Taxes and Assessments. 5. REAL ESTATE TAXES AND SPECIAL ASSESSMENTS. A. Seller shall pay all general real estate taxes and installments of special assessments due and payable in the year prior to the Date of Closing and in years prior thereto. Real estate taxes due and payable in and for the year of closing shall be prorated between Seller and Buyers on a calendar year basis to the actual Date of Closing; B. Seller shall not be required to pay any future installments of any special assessments; C. Seller shall pay on date of closing any deferred real estate taxes (including "Green Acres" taxes under Mm. STAT. §273.111) or special assessments payment of which is required as a result of the closing of this Agreement; D. Buyers shall pay real estate taxes and any installments of special assessments due and payable in the year following closing and thereafter. 6. SELLER'S LIEN WARRANTIES. Seller warrants that there has been no labor or material furnished to the Property for Seller for which payment has not been made. These warranties shall survive the delivery of the Deed or Contract for Deed for a period of six (6) months. 7. ACCESS PRIOR TO CLOSING. Upon reasonable notice to Seller, Buyers and Buyers' authorized agents shall have the right during the period from the date of this Agreement to 120 days after the Effective Date to enter in and upon the Property in order to make, at Buyers' expense, surveys, measurements, soil tests and other tests that Buyers shall deem necessary. Buyers agree to promptly pay all costs incurred; to immediately restore any resulting damage to the Property and to indemnify, hold harmless and defend Seller and the Property from any and all claims or liability of any nature whatsoever related to Buyers' actions hereunder, including all actions, proceedings, demands, assessments, costs, expenses and attorneys' fees. Buyers shall not perform any invasive testing of the Property without Seller's prior written consent. Seller's consent may be conditioned upon any restrictions that Seller deems necessary. Buyers shall provide to Seller a copy of any such surveys, measurements, soil tests or other tests within five (5) days after receipt. 8. POSSESSION. Seller shall deliver possession of the Property not later than the actual date of closing. 9. TITLE INSURANCE BY SELLER. Seller shall, within a reasonable time after acceptance of this Agreement, furnish a title insurance commitment certified to date to include proper searches covering bankruptcies, state and federal judgments and liens, and levied and pending special assessments. Seller is not required to provide an abstract of title. Seller shall pay all costs associated with the issuance of such commitment. Buyers shall pay the premium for the owner's and mortgagee's policy of title insurance. The commitment for title insurance shall be issued in the full amount of the Purchase Price by a title insurance company in good standing and duly authorized to do business in Minnesota ( "Title Insurer "). The commitment for title insurance shall be issued in the full amount of the Purchase Price by Title Insurer by which said company commits to issue its policy of title insurance that: (1) Insures that at Closing Buyers shall have marketable and insurable title of record to the Property, free and clear of all liens, encumbrances, leases, claims and charges, all material easements, rights -of -way, covenants, conditions and restrictions and any other matters affecting title, except for Permitted Exceptions and such matters as are approved by Buyers in writing. (2) Waives or insures against the following standard exceptions: (a) Facts which would be disclosed by a comprehensive survey of the Property, but only if Buyers timely deliver a survey of the Property in form acceptable to the title company; (b) Rights and claims of parties in possession; and (c) Mechanic's, contractor's and material liens and lien claims. Buyers shall be allowed ten (10) business days after the receipt of the title commitment for examination of title and making any objections, which shall be made in writing or deemed waived. If any objection is so made, Seller shall have ten (10) business days from receipt of Buyers' written title objections ( "Seller's Election Notice Period ") to notify Buyers whether Seller intends to cure such objections. Seller shall have no obligation to cure any objections made by Buyers, except that Seller shall be obligated to remove any mortgage or financing liens or other monetary liens created against the Property by Seller. If Seller elects to cure such objections, Seller shall have a period of ten (10) days from Seller's receipt of such written objections ( "Seller's Cure Period ") within which to do so. Any objection shall be deemed cured to the extent Seller is able to compel the Title Company to delete the objectionable exception from the Title Commitment or to issue an endorsement to Buyers' Owner's Title Policy that insures over the objectionable exception. If notice to cure is given by Seller, the Closing shall be postponed pending cure of title, but upon cure of title and within ten (10) days after written notice to Buyers, the parties shall perform this Agreement according to its terms. If no such election to cure notice is given by Seller or if such notice is given but title is not cured within the time provided for, then Buyers shall have the option as their sole and exclusive remedy to terminate this Agreement in which event this Agreement shall be null and void and no party shall be liable for damages hereunder to the other. If Buyer does not elect to terminate this Agreement, Buyers' objections shall be deemed part of the Permitted Exceptions and the parties shall perform this Agreement according to its terms. Buyers shall make such election by notifying Seller within ten (10) days after expiration of Seller's cure period or within ten (10) days after expiration of Seller's Election Notice Period, as the case may be. If this Agreement is terminated as permitted under the terms of this Paragraph 5, then upon request by Seller, Buyers and Seller agree to sign a cancellation of this Agreement or Buyers shall deliver a Quit Claim Deed to the Property to Seller. 10. WELL DISCLOSURE. [Check one of the following: ] X Seller certifies that Seller does not know of any wells on the Property. Wells on the Property are disclosed by Seller on the attached Well Disclosure form. 11. DISCLOSURE OF INDIVIDUAL ON -SITE SEWAGE TREATMENT SYSTEM. [Check one of the following: ] X Seller certifies that Seller does not know of any individual on -site sewage treatment systems on the Property. Individual on -site sewage treatment systems on the Property are disclosed by Seller on the attached Disclosure form. 12. SELLER'S COVENANTS, REPRESENTATIONS AND WARRANTIES. Seller does hereby covenant, warrant and represent to the Buyers as follows: A. To Seller's actual knowledge, Seller has or as of the Date of Closing will have marketable and insurable title to the Property of record, free and clear of all liens, encumbrances, leases, claims and charges, all material easements, rights -of -way, covenants, conditions and restrictions and any other matters affecting the title, except for the Permitted Exceptions. For purposes of this Section "Seller's actual knowledge" is limited to the actual knowledge of the undersigned representatives of Seller executing this Agreement on behalf of Seller. B. To Seller's actual knowledge, the conveyance of the Property pursuant hereto will not violate any applicable statute, ordinance, governmental restriction or regulation, or any private restriction or agreement. C. As of the Date of Closing there will be no outstanding or unpaid claims, actions or causes of action related to any transaction or obligation entered into or incurred by Seller with respect to the Property prior to the date hereof. D. Except as provided herein, Seller shall indemnify and defend Buyers and otherwise hold Buyers harmless of, from and against any broker who may be entitled to any commission or finder's fee in connection with the transaction contemplated herein to the extent arising from Seller's actions. E. To Seller's actual knowledge, there are no underground storage tanks. F. Seller is not a foreign person as defined in § 1445(f)(3) of the Internal Revenue Code or regulations issued thereunder. G. To Seller's actual knowledge, there is no action, litigation, investigation, condemnation or other proceedings of any kind pending or threatened against Seller with respect to the Property. H. Except as used in the ordinary course of Seller's activities at the Property and to Seller's actual knowledge, (i) no toxic materials, hazardous wastes or hazardous substances, as such terms are defined in the Resource Conservation and Recovery Act of 1996, as amended (42 U.S.C. §6901, et seq.) or in the Comprehensive Environmental Response Compensation and Liability Act of 1980, as amended (42 U.S.C. §9601, et seq.), including, without limitation, any asbestos or asbestos - related products or materials and any oils, petroleum- derived compounds or pesticides ( "Hazardous Materials ") have been generated, treated, stored, released or disposed of or otherwise placed, deposited in or located on the Property; and (ii) the Property is free of Hazardous Materials and is not subject to any "superfund" type liens or claims by governmental regulatory agencies or third parties arising from the release or threatened release of hazardous substances in, on, or about the Property. Seller shall indemnify and hold Buyers harmless from any and all claims, causes of action, damages, losses, or costs (including reasonable lawyer's fees) relating to breach of the foregoing representations and warranties by Seller or to hazardous substances or petroleum products in the subsoil or ground water of the Subject Property or other property in the area which arise from or are caused by acts or occurrences upon the Subject Property prior to Buyers taking possession. These warranties and indemnifications shall survive the delivery of the Limited Warranty Deed for a period of twelve (12) months after the Date of Closing. 13. SELLER'S AFFIDAVIT. At closing, Seller shall supplement the warranties and representations in this Purchase Agreement by executing and delivering a Minnesota Uniform Conveyancing Blank [Form No. 116 -M, 117 -M, or 118 -M] Affidavit of Seller ( "Seller's Affidavit "). 14. CLOSING. The closing (the "Closing ") shall beat a location designated by Buyers, and shall occur on or before ( "Closing Date "). At closing, Seller and Buyers shall disclose their Federal Tax Identification Numbers for the purposes of completing state and federal tax forms. 15. CLOSING DOCUMENTS. A. At the Closing, Seller shall execute and/or deliver to Buyers the following (collectively the "Closing Documents "): (1) Limited Warranty Deed. A Limited Warranty Deed in recordable form conveying title in accordance with this Agreement. (2) Seller's Affidavit. A standard form affidavit by Seller indicating that on the date of Closing there are no outstanding, unsatisfied judgments, tax liens or bankruptcies against or involving Seller or the Property; that there has been no skill, labor or material furnished to the Property for which payment has not been made or for which mechanic's liens could be filed; and that there are no other unrecorded interests in the Property. (3) Non - Foreign Person Certification. A certification in form and content satisfactory to the parties hereto and their counsel, properly executed by Seller, containing such information as shall be required by the Internal Revenue Code, and the regulations issued thereunder, in order to establish that Seller is not a "foreign person" as defined in § 1445(f)(3) of such Code and such regulations. (4) Storage Tanks. If required, an affidavit with respect to storage tanks pursuant to Minn. Stat. § 116.48. (5) Well Certificate. If there is a well located on the Property, a well disclosure certificate in form and substance true to form for recording. (6) Certification. A certification that the representations and/or warranties made by Seller are materially the same as were in existence on the date of this Agreement or noting any changes thereto; and (7) Other Documents. All other documents reasonably determined by either party and the title insurance company to be necessary to transfer and provide title insurance for the Property. B. At the Closing, Buyers shall execute and deliver to Seller the following: (1) All documents reasonably determined by the parties and the title insurance company to be necessary to provide title insurance for the Property; (2) Payment of the Purchase Price; and (3) Duly executed Memorandum of Understanding and addendums. 16. CLOSING COSTS. All costs relating to the closing of this transaction shall be allocated according to standards in the industry, except as allocated below: A. Buyers shall pay: (1) Recording fee for the Limited Warranty Deed; (2) One -half the closing fee; and (3) The premium for owner's title insurance, including survey coverage. B. Seller shall pay all (1) Costs of title insurance commitment; (2) State deed tax (3) One -half of the closing fee; (4) Conservation fee attributable to said deed; and (5) Any deferred taxes and penalties due at or before closing. 17. ADDITIONAL TERMS. A. BUYERS' CONTINGENCIES. The obligations of Buyers under this Agreement are contingent upon the satisfaction or waiver of each of the following (the Buyers' Contingencies): (1) The representations and warranties of Seller set forth in this Agreement must be true as of the date of this Agreement and on the Closing Date, and Seller shall have delivered to Buyers at Closing a certificate dated the Closing Date, signed by Seller, certifying that such representations and warranties are true as of the Closing Date. If any of the Buyers' Contingencies have not been satisfied as of the deadline specified above, then Buyers may, at Buyers' option, terminate this Agreement by giving written notice to Seller. Upon such termination, neither Seller nor Buyers shall have any further rights or obligations under this Agreement, except for obligations which expressly survive the termination of this Agreement. The Buyers' Contingencies are for the sole and exclusive benefit of Buyers, and Buyers shall have the right to waive any or all of the Buyers' Contingencies by giving written notice to Seller on or before the deadline for any contingency it waives. B. SELLER'S CONTINGENCIES Execution at closing of the following documents; (1) Executed Memorandum of Understanding and addendums. If any of the Seller's Contingencies have not been satisfied as of the deadline specified above, then Seller may, at Seller's option, terminate this Agreement by giving written notice to Buyers. Upon such termination, neither Buyers nor Seller shall have any further rights or obligations under this Agreement, except for obligations which expressly survive the termination of this Agreement. The Seller's Contingencies are for the sole and exclusive benefit of Seller, and Seller shall have the right to waive any or all of the Seller's Contingencies by giving written notice to Buyers on or before the deadline for any contingency it waives. 18. ADDENDA. Attached are no addenda which are made a part of this Purchase Agreement. 19. TIME IS OF THE ESSENCE; CALCULATION OF TIME PERIODS. Time is of the essence for all provisions of this Purchase Agreement. Unless otherwise specifically provided herein, in computing any period of time described in this Agreement, the day of the act or event after which the designated period of time begins to run is not to be included and the last day of the period so computed is to be included, unless such last day is a Saturday, Sunday or legal holiday under the laws of the State of Minnesota, in which event the period shall run until the end of the next day which is neither a Saturday, Sunday or legal holiday. The final day of such period shall be deemed to end at 5:00 p.m., Central Standard Time. 20. SURVIVAL. It is the intention of the parties that none of the terms of this Agreement will survive and be enforceable after the Closing, except Paragraphs 6 and 12 (H) as expressly so stated in this Agreement and subject to any limitation of the time for survival set forth under this Agreement. 21. CAPTIONS. The paragraph headings or captions appearing in this Agreement are for convenience only, are not a part of this Agreement and are not to be considered in interpreting this Agreement. 22. ENTIRE AGREEMENT; MODIFICATION. This written Agreement constitutes the complete agreement between the parties and supersedes any prior oral or written agreements between the parties regarding the Property. There are no verbal agreements that change this Agreement and no waiver of any of its terms will be effective unless in a writing executed by the parties. The Parties have executed a separate Memorandum of Understanding and Addendum thereto,including a Ground Lease for the relocation of Seller's Camp Manitou. 23. BINDING EFFECT; NO WAIVERS. This Agreement binds and benefits the parties and their heirs, representatives, successors and assigns. The waiver by either party hereto of any condition or the breach of any term, covenant or condition herein contained shall not be deemed to be a waiver of any other condition or of any subsequent breach of the same or of any other term, covenant or condition herein contained. Buyers, in their sole discretion may waive any right conferred upon Buyers by this Agreement; provided that such waiver shall only be made by Buyers giving Seller written notice specifically describing the right waived. 24. GOVERNING LAW. This Agreement has been entered into in the State of Minnesota and shall be governed by and construed in accordance with the laws of the State of Minnesota. 25. RELATIONSHIP BETWEEN SELLER AND BUYERS. Nothing in this Agreement shall be construed as creating a joint venture between the Seller and Buyers or any relationship other than that of Seller and Buyers. 26. NOTICES. All notices and demands given or required to be given by any party hereto to any other party shall be deemed to have been properly given if and when delivered in person, sent by facsimile (with verification of receipt) or three (3) business days after having been deposited in any U.S. Postal Service and sent by registered or certified mail, postage prepaid, addressed as follows (or sent to such other address as any parry shall specify to the other party pursuant to the provisions of this Section): TO SELLER: Glen Gunderson President and CEO YMCA of the Greater Twin Cities 2125 Hennepin Ave Minneapolis, MN 55413 And to Gregory W. Waibel Chief Financial Officer YMCA of the Greater Twin Cities 2125 Hennepin Ave Minneapolis, MN 55413 With a copy to: Brandi Kerber Larkin Hoffman Daly & Lindgren Ltd. 8300 Norman Center Drive Suite 1000 Minneapolis, MN 55437 TO BUYERS: COUNTY: Lee Kelly County Coordinator Wright County 102nd Street N.W. Buffalo, MN 55313 CITY: Jeff O'Neill City Administrator City of Monticello 505 Walnut Avenue, Suite Monticello, MN 55362 With a copy to: Brian Asleson Chief Deputy Wright County Attorney Government Center 10 2nd Street NW Buffalo, MN 55313 Joel Jamnik Campbell Knutson, P.A. Eagandale Office Center, Suite #317 1380 Corporate Center Curve Eagan, MN 55121 27. COUNTERPARTS. This Agreement may be executed in one or more counterparts each of which when so executed and delivered shall be an original, but together shall constitute one and the same instrument. BUYERS: I agree to buy the Property for the price and terms and conditions set forth above. Dated: , 20 CITY OF MONTICELLO By: Mayor And: City Administrator I agree to buy the Property for the price and terms and conditions set forth above. Dated: .20 WRIGHT COUNTY, MINNESOTA Chairperson, County Board And: County Coordinator I agree to sell the Property for the price and terms and conditions set forth above. Dated: , 20 SELLER: THE YOUNG MENS CHRISTIAN ASSOCIATION OF THE GREATER TWIN CITIES Glen Gunderson, President Gregory W. Waibel, Chief Financial Officer EXHIBIT A LEGAL DESCRIPTION OF SUBJECT PROPERTY: Parcel 1R The North 350.00 feet of the Southwest Quarter of the Southeast Quarter, Section 8, Township 121 North, Range 25 West, Wright County, Minnesota, except the North 33.00 feet thereof. 4844 - 3949 -2649, v. 1