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IN WITNESS WHEREOF, the Authority has caused this Agreement to be duly executed in <br />its name and behalf, and the developer has caused this Agreement to be duly executed in its name and <br />behalf, on or as of the date first above written. <br /> <br />ECONOMIC DEVELOPMENT <br />AUTHORITY IN AND FOR THE CITY <br />OF ELK RIVER <br /> <br />By:¸ <br /> <br />Henry A. Duitsman, President <br /> <br />By: <br /> <br />Patrick Dwyer, Vice President <br /> <br />DEVELOPER <br />MORRELL & MORRELL, INC. <br /> <br />By: <br /> <br />Its: <br /> <br />By: <br /> <br />Its: <br /> <br />BeckP 548664.1 1 8 <br /> <br /> <br />