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FROM GRAY PLANT MOOT? MOOT? & BENNETT (#3) (FRI) 7. 9' 99 9:46/ST. 9 :28/NO. 4261218754 P 41 <br /> EXHIBIT C <br /> CERTIFICATE OF COMPLETION <br /> WHEREAS, the Economic Development Authority in and for the City of Elk River (the <br /> "Authority") and Associated Investors of Elk River, Inc., Fischer Sand & Aggregate, LLP, and <br /> Elk River Business Park, LLC, (the "Redeveloper"), have executed a Contract for Private <br /> Redevelopment, dated as of 1999 (the "Redevelopment Agreement"), with respect to the <br /> completion by the Redeveloper of certain improvements (the "Initial Improvements"), described <br /> in the Redevelopment Agreement;and <br /> WHEREAS, said Redeveloper has to the present date substantially performed its <br /> undertakings under the Redevelopment Agreement in a manner deemed sufficient by the <br /> Authority to permit the execution of this certificate pursuant to Section 4.4 of the Redevelopment <br /> Agreement: <br /> NOW, THEREFORE,this is to certify that the Initial Improvements have been completed <br /> on the Development Property in substantial conformance with the terms of the Redevelopment <br /> Agreement. <br /> ECONOMIC DEVELOPMENT AUTHORITY IN <br /> AND FOR THE CITY OF ELK RIVER <br /> • By <br /> Its <br /> Dated: <br /> • <br /> C-1 <br />