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<br />EXHIBIT D <br /> <br />CERTIFICATE OF COlVlPLETION <br /> <br />_ WHEREAS, the City o(E1k River, Minnesota (the "Grantor"), a municipal corporation <br />and politic subdivision of the State of Minnesota, by a Deed recorded in the Office of the County <br />Recorder or the Registrar of Titles in and for the County of Sherburne and State of Minnesota, as <br />Deed Document Number , has conveyed to MetroPlains Development, <br />LLC, a Minnesota limited liability company (the "Grantee") in the County of Sherburne and <br />State of Minnesota, the following legally described property to wit: ' <br /> <br />See Attached Exhibit A <br /> <br />and <br /> <br />WHEREAS, said Deed incorporated and contained certain covenants and restrictions set' <br />forth in an Development Agreement dated December _, 2004 executed by and between the <br />Grantor and the Grantee (the "Development Agreement"); and <br /> <br />'VHEREAS, . the . Grantee has to the present date performed said covenants and <br />conditions insofar as it is able in a manner deemed sufficient by the Gremtor to permit the <br />execution and recording of this certification; , <br /> <br />NOW, THEREFORE, this is to.certify that construction of the Minimum Improvements <br />specified tb be done and made by the 'Grantee have been completed and the above covenants of <br />the Grantee and .conditions in said Development Agreement with .respect to the construction of <br />the Minimum Improvements have been performed by the Grantee, and the County Recorder or <br />the Registrar of Titles in and for the County of Sherbume and State of ,Minnesota is hereby <br />authorized to' accept for recording and to record the filing of this instruni.ent, to be a conclusive <br />determination of the satisfaction of the obligations of the Grantee with respect to the construction <br />of the Minimum Improvements. Any remaining obligations under the Development Agreement <br />shall be s~lely contractual obligations of the Grantee, its successors and assigns under the <br />Development Agreement, shall not run with nor be alien against the Property and no owner of a <br />housing unit shall be obligated under the Develop~ent Agreement. <br /> <br />I 674205v9 <br /> <br />D-l <br />