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otherwise satisfied the Developer's obligations under Section 6.6 of the Development <br />Agreement and has requested this Certificate of Completion and Release from the EDA. <br />2. Certificate of Completion and Release. The EDA hereby certifies that the <br />Developer has satisfied its obligations with respect to the construction of Minimum <br />Improvements on the real property legally described on the attached Exhibit A (the "Completed <br />Property "). The EDA further acknowledges and agrees that the Completed Property is released <br />from the Right of Re- Entry, the Development Agreement and the Assessment Agreement. As a <br />result of this release, the minimum market value set forth in the Assessment Agreement is <br />automatically reduced to $ <br />IN WITNESS WHEREOF, the EDA has caused this certificate to be duly executed on its <br />behalf by the President and Secretary this day of , 200 <br />STATE OF MINNESOTA <br />ss. <br />COUNTY OF RAMSEY <br />ECONOMIC DEVELOPMENT <br />AUTHORITY OF THE CITY OF LITTLE <br />CANADA <br />By <br />Its President <br />And <br />By <br />Its Secretary <br />The foregoing instrument was acknowledged before me on this day of <br />, 200 by Michael I Fahey and Joel R. Hanson, the President and Secretary of <br />the Economic Development Authority of the City of Little Canada, a body corporate and politic <br />established pursuant to Minnesota Statutes, Chapter 469, on behalf of the Authority. <br />DRAFTED BY: <br />Briggs and Morgan, P.A. (TLB) <br />2200 First National Bank Building <br />332 Minnesota Street <br />Saint Paul, Minnesota 55101 <br />Telephone: (651) 223 -6600 <br />1450998v8 <br />Notary Public <br />- 3 7 - <br />