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. <br /> EXHIBIT C <br /> 1111 CERTIFICATE OF COMPLETION <br /> WHEREAS, the Mounds View Economic Development Authority (the <br /> "Authority" ) and Michael Investments, a Minnesota general <br /> partnership (the "Developer") , have executed a Development <br /> Assistance Agreement, dated as of April 26, 1999 (the "Development <br /> Agreement") , with respect to the completion by the Developer of <br /> certain improvements (the "Improvements") , specifically, an <br /> approximately 69, 582 square foot building constructed by the <br /> Developer as office/flex/service facilities consistent with the <br /> plans for the Improvements dated March 8, 1999, and. revised on <br /> April 12, 1999, on certain land (the "Development Property" ) <br /> described in the Development Agreement; and <br /> WHEREAS, said Developer has to the present date substantially <br /> performed its undertakings under the Development Agreement in a <br /> manner deemed sufficient by the Authority to permit the execution <br /> of this certificate pursuant to Section 3 .4 of the Development <br /> Agreement : <br /> NOW, THEREFORE, this is to certify that the Improvements have <br /> been completed on the Development Property in substantial <br /> conformance with the terms of the Development Agreement. <br /> 4111 MOUNDS VIEW ECONOMIC DEVELOPMENT <br /> AUTHORITY <br /> Bys. <br /> Its c. 5� ! rw� 4Ahe <br /> • <br /> Dated:4111 <br /> • <br /> 334455.7 C-1 <br />