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7.2. EDSR 10-17-2022
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7.2. EDSR 10-17-2022
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10/14/2022 4:29:13 PM
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10/14/2022 4:24:34 PM
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City Government
type
EDSR
date
10/17/2022
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<br />CONSENT <br /> <br />The undersigned, Economic Development Authority of the City of Elk River, a public <br />body corporate and politic of the State of Minnesota (“Lender”), hereby consents, in accordance <br />with the Loan Documents (as defined in the foregoing Loan Assumption Agreement (the <br />“Assignment”)), to (A) the assignment of the Loan Documents by the Assignor named therein <br />(the “Assignor”) to, and the assumption of the obligations thereunder by, the Assignee named <br />therein (the “Assignee”) as provided in the Assignment, and (B) the execution and delivery by <br />the Assignor and the Assignee of the Assignment, and the terms and provisions thereof. <br /> <br />LENDER: <br /> <br />ECONOMIC DEVELOPMENT AUTHORITY <br />OF THE CITY OF ELK RIVER, a political <br />subdivision of the State of Minnesota <br /> <br />By: _________________________________ <br />Print Name:__________________________ <br />Its: President <br /> <br /> <br />By: _________________________________ <br />Print Name:__________________________ <br />Its: Executive Director <br /> <br /> <br />DOCSOPEN\\EL185\\56\\816081.v3-9/29/22 <br />
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