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IN WITNESS WHEREOF, the Economic Development Authority of the City of Elk <br /> River has caused this Certificate of Forgiveness to be executed with by its duly authorized <br /> officer as of the date first written above. <br /> ECONOMIC DEVELOPMENT <br /> AUTHORITY OF THE CITY OF ELK <br /> RIVER <br /> By <br /> President <br /> By <br /> Executive Director <br /> 478255v1 JSB EL185-31 2 <br />