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• <br /> written request made to the Authority, the Authority will • <br /> execute the Certificate of Completion in the form attached <br /> hereto as Exhibit C, which shall then be a conclusive <br /> determination of satisfaction and termination of the <br /> agreements and covenants in this Agreement with respect to the <br /> completion of the Improvements . The following shall be <br /> conditions precedent to the Authority' s obligation to execute <br /> the Certificate of Completion: <br /> (i) There shall exist no Event of Default <br /> hereunder, and the Improvements shall have been <br /> completed in substantial conformity to the terms of <br /> this Agreement; <br /> (ii) The City shall have issued a Certificate <br /> of Occupancy for the Improvements. <br /> (b) If the Authority determines that it cannot execute <br /> the Certificate of Completion, it shall, within 20 days after <br /> written request therefor, provide a written statement <br /> indicating in adequate detail why it cannot do so and also <br /> indicating what measures or acts it will be necessary to be <br /> taken or performed in order to permit execution of the <br /> Certificate of Completion. <br /> Section 3 .4 . Signage Easement to City. As a condition to any • <br /> reimbursement under this Agreement or the EDA Note, the Developer <br /> and the City shall have executed and delivered a mutually- <br /> acceptable easement over the applicable portion of the Development <br /> Property giving the City the perpetual right to erect and maintain <br /> thereon a sign, including a suitable monument sign, indicating the <br /> corporate limits of the City and/or a directional sign to the <br /> City' s nearby municipal golf course. In the event that said <br /> easement agreement is contrary in any respect to the provisions of <br /> this Section, the provisions of said easement agreement shall apply <br /> and govern. <br /> 4110 <br /> 346932.2 - 3-3 <br />