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construction of homes. However, as previously stated, no occupancy permit shall be issued until <br />the first lift of asphalt has been installed. <br />40. Pursuant to the Cooperative Development Agreement, Developer executed a <br />mortgage in favor of the City in the amount of Two Hundred Eighteen Thousand Nine I- Iundred <br />Twenty -Five and No /00 Dollars ($218,925.00). Upon the execution of this Contract, City will <br />provide Developer with a satisfaction of said mortgage. <br />40. Required notices to Developer shall be in writing and shall be either hand <br />delivered or mailed by certified mail to the following address: <br />Mr. Gordie Howe <br />Masterpiece Homes, Inc. <br />127 County Road C <br />Little Canada, MN 55117 <br />41. Required notices to the City shall be in writing and shall be either hand delivered <br />or mailed by certified mail, in care of the city administrator, to the following address: <br />City of Little Canada <br />515 Little Canada Road East <br />Little Canada, MN 55117 <br />IN WITNESS WHEREOF, the parties have set their hands to this Contract on the date stated <br />above. <br />CITY: City of Little Canada <br />By: <br />William Blesener, Mayor <br />By: <br />Joel R. Hanson, City Administrator <br />-13- <br />