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185379v3 2 <br />constructed on the Property with the basement which has an elevation below <br />887.8 feet. This condition, at the option of the City, shall be placed in the form of <br />a recordable instrument recorded/registered against the Property. <br /> <br /> NOW, THEREFORE, this Certificate of Completion and Release is to certify that the <br />Developer has fully complied with its obligations under the Development Agreement for the <br />construction of the required public improvements and dedication of easements and the City <br />hereby releases the Developer and any successors in interest from all terms of the Development <br />Agreement with the exception that the City fully reserves its right to enforce paragraphs 1E and <br />1G of the Development Agreement both as to the Developer and any successors in interest, and <br />reaffirms its intent to seek the eventual extension and connection of Shoreline Lane, use of the <br />temporary easement for the cul-de-sac until the extension is completed and accepted, and the <br />financial contribution through assessment or other means for the full cost of extension and <br />restoration irrespective of the estimated cost specified in paragraph 1E of the Development <br />Agreement by the parcels subject to the Development Agreement. <br /> <br /> CITY OF ARDEN HILLS <br /> <br /> <br /> By: __________________________________ <br /> David Grant, Mayor <br />(SEAL) <br /> <br /> And __________________________________ <br /> Sue Iverson, Interim City Administrator <br /> <br />STATE OF MINNESOTA ) <br /> ( ss. <br />COUNTY OF RAMSEY ) <br /> <br /> The foregoing instrument was acknowledged before me this _______ day of <br />_______________, 2016, by David Grant and by Sue Iverson, respectively the Mayor and <br />Interim City Administrator of the City of Arden Hills, a Minnesota municipal corporation, on <br />behalf of the corporation and pursuant to the authority granted by its City Council. <br /> <br /> __________________________________ <br /> Notary Public <br /> <br /> <br /> <br />This Instrument was Drafted by: <br />CAMPBELL KNUTSON, P.A. <br />Grand Oak Office Center I <br />860 Blue Gentian Road, Suite 290 <br />Eagan, Minnesota 55121 <br />[JJJ]