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IN WITNESS WHEREOF, the City of Elk River, Minnesota, by its City Council, has <br />caused this Note to be executed by the manual signatures of its Mayor and City Clerk and has <br />caused this Note to be issued on and dated as of the date first written above. <br />CITY OF ELK RIVER, MINNESOTA <br />Its Mayor <br />By <br />Its City Clerk <br />Signature Page for Tax Increment Revenue Note (Jackson Hills Residential Suites, LLC Project) <br />D-4 <br />51939481SB EL185-49 <br />