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<br /> <br />LENDER: <br /> <br />ECONOMIC DEVELOPMENT <br />AUTHORITY OF THE CITY OF ELK <br />RIVER <br /> <br />By: <br /> Its: President <br /> <br /> <br />By: <br /> Its: Executive Director <br /> <br /> <br /> <br />STATE OF MINNESOTA ) <br />) ss. <br />COUNTY OF ________ ) <br /> <br /> The foregoing instrument was acknowledged before me on ______________, 2016, by <br />____________, the President, and ____________, the Executive Director, of the Economic <br />Development Authority of the City of Elk River, a public body corporate and politic of the State <br />of Minnesota, on behalf of the corporation. <br /> <br /> <br /> <br />Notary Public <br />My Commission Expires: <br /> <br /> <br /> <br /> <br /> <br />This Instrument was drafted by: <br />Kennedy & Graven, Chartered (JSB) <br />470 U.S. Bank Plaza <br />200 South Sixth Street <br />Minneapolis, Minnesota 55402 <br />Telephone: (612) 337-9300 <br /> <br />S-3 <br />487523v1 JSB EL185-45 <br />