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EXHIBIT C <br /> 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 September 14, 1990 , 1999 <br /> (the "Development Agreement" ) , with respect to the completion by <br /> the Developer of certain improvements (the "Improvements" ) , <br /> specifically, an approximately 97, 463 square foot building (or an <br /> approximately 69, 582 square foot building constructed by the <br /> Developer as office/flex/service facilities) on certain land (the <br /> "Development Property") 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 /> MOUNDS VIEW ECONOMIC DEVELOPMENT <br /> AUTHORITY <br /> By <br /> Its <br /> Dated: , 19 <br /> 334455.RED <br /> V6 to V5; 2/15/99 C-1 <br />