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7. The term of this Memorandum of Understanding will expire upon execution of subsequent <br />agreement between the parties that provide final Park Improvement approvals. <br />IN WITNESS WHEREOF, the parties hereto have executed this Memorandum of <br />Understanding effective the date first set forth above. <br />STATE OF MINNESOTA) <br />SS. <br />COUNTY OF <br />ALATUS ARDEN HILLS LLC <br />By _ R�Y- �' <br />Its V� A'ldl;U <br />The foregoing instrument was acknowledged <br />_ the <br />company. on behalf of the limited Iiability company. <br />before me this day of , 2016, by <br />of Aiatus Arden Hills LLC, a Minnesota limited liability <br />Notary Public <br />CITY OF AR EN HILLS <br />r <br />Byi.L�L� <br />David Grant. Mayor <br />And 'd" <br />Sue Iverson, Interim City Administrator <br />2 <br />