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IN WITNESS WHEREOF, the City and Developer have caused this Agreement to be duly executed <br />on this day and year first above written. <br />CITY OF ELK RIVER <br />By: <br />John J. Dietz <br />Its Mayor <br />By: <br />Tina Allard <br />Its: Clerk <br />DEVELOPER: <br />By: <br />Richard Foster <br />Its: Chief Manager <br />14 <br />