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EXHIBIT E <br />CERTIFICATE OF COMPLETION OF PROJECT <br />20 <br />WHEREAS, the CITY OF ELK RIVER, MINNESOTA, a municipal corporation under <br />the Constitution and laws of the State of Minnesota (the "City"), and JACKSON STREET <br />APARTMENTS, LLC, a Minnesota limited liability company (the "Developer") have entered into <br />a TIF Development Assistance Agreement (the "TIF Development Agreement"), dated <br />2022; and <br />WHEREAS, the TIF Development Agreement requires the Developer to construct a <br />Project (as that term is defined in the TIF Development Agreement); <br />WHEREAS, the Developer has constructed the Project in a manner deemed sufficient by <br />the City to permit the execution of this certification in accordance with Section 3.8 of the TIF <br />Development Agreement; <br />NOW, THEREFORE, this is to certify that the Developer has constructed the Project in <br />accordance with the TIF Development Agreement. The remaining covenants of the Developer <br />under the TIF Development Agreement are not intended to run with title to the Development <br />Property or bind successors in title to the Development Property. <br />E-1 <br />EL185-70-769416.d7 <br />