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<br />15 <br />IN WITNESS WHEREOF, the City and Developer have caused this Agreement to be duly executed <br />on this day and year first above written. <br />CITY OF ELK RIVER <br /> <br /> <br />By: <br /> John J. Dietz <br /> Its: Mayor <br /> <br />By: <br /> Tina Allard <br /> Its: Clerk <br /> <br /> <br /> <br />DEVELOPER: <br /> <br /> <br />By: <br /> Richard Foster <br /> Its: Chief Manager <br />