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<br />CONSENT OF CITY OF ELK RIVER <br /> <br />The City hereby consents to the foregoing Assignment and Assumption of the TIF Development <br />Assistance Agreement and Declaration of Restrictive Covenants and acknowledges and agrees that <br />Assignor is hereby released from all covenants and obligations under the TIF Agreement, the <br />Note, and the Declaration accruing after the date hereof. <br /> <br /> CITY OF ELK RIVER <br /> <br /> <br /> By________________________________ <br /> Its Mayor <br /> <br /> <br /> By________________________________ <br /> Its Clerk <br /> <br /> <br />STATE OF MINNESOTA ) <br /> ) SS. <br />COUNTY OF SHERBURNE ) <br /> <br /> The foregoing instrument was acknowledged before me this ___ day of _____________, <br />20__ by ____________________, the Mayor of the City of Elk River, Minnesota, a municipal <br />corporation and political subdivision organized and existing under the Constitution of the laws of <br />the State of Minnesota, on behalf of the City. <br /> <br /> <br /> ______________________________ <br /> Notary Public <br /> <br /> <br />STATE OF MINNESOTA ) <br /> ) SS. <br />COUNTY OF SHERBURNE ) <br /> <br /> The foregoing instrument was acknowledged before me this ___ day of _____________, <br />20__ by ____________________, the City Clerk of the City of Elk River, Minnesota, a municipal <br />corporation and political subdivision organized and existing under the Constitution of the laws of <br />the State of Minnesota, on behalf of the City. <br /> <br /> <br /> ______________________________ <br /> Notary Public <br /> <br /> <br />5 <br />518093v1 MNI MN190-95 <br />