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IN WITNESS WHEREOF, the City has caused this Agreement to be duly executed in its <br /> name and on its behalf and its seal to be hereunto duly affixed, and the Developer has executed <br /> this Agreement, on or as of the date first above written. <br /> CITY OF HUGO, MINNESOTA <br /> By <br /> Its Mayor <br /> By <br /> Its Administrator <br /> This is a signature page to the Development Agreement by and among the City of Hugo and <br /> Swanny of Hugo, Inc. <br /> 2340062v2 S-1 <br />