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CERTIFICATION BY COUNTY ASSESSOR <br />The undersigned, having reviewed the Assessment Agreement dated as of <br />20 between the Economic Development Authority of the City of Little Canada and The Villas <br />at Little Canada LLC, a Minnesota limited liability company; the plans and specifications for the <br />Townhomes, as defined in the Assessment Agreement; and the market value currently assigned <br />to Development Property and being of the opinion that the minimum market value contained in <br />the Assessment Agreement appears reasonable, hereby certifies as follows: The undersigned <br />Assessor, being legally responsible for the assessment of the above described property, hereby <br />certifies that the market values assigned to the Development Property are reasonable. <br />County Assessor for Ramsey County <br />STATE OF MINNESOTA ) <br />) ss. <br />COUNTY OF RAMSEY ) <br />This instrument was acknowledged before me on , 20 , by <br />, the County Assessor of Ramsey County. <br />1450998v8 <br />Notary Public <br />B -5 <br />- 3 4 - <br />