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<br />'EXHIBIT D <br /> <br />REVENUE NOTE <br /> <br />,200_ <br /> <br />UNITEDSTATESOFAMElliCA <br />STATE OF MINNESOTA <br />COUNTY OF RAMSEY <br /> <br />THE CITY OF ROSEVILLE, MINNESOTA <br />LIMITED REVENUE TAX INCREMENT NOTE <br /> <br />TIle City of Roseville, Minnesota (the "City"), hereby acknowledges itself to be indebted <br />and, for value received, promises to pay to the order of Roseville Twin Lakes, LLC (the <br />"Owner"), solely from the source, to the extent and in the manner hereinafter provided, the <br />principal amount of this Note,.being Dollars ($ ) (the <br />"Principal Amount"), together with interest on the unpaid principal balance from the date of this <br />Note until paid at the rate of percent L%) per annum and payable on the dates <br />described below (the "Payment Dates") and in the amounts as hereinafter defined (the <br />"Payments"). Interest on this Note shall be computed on the basis of a 360-day year of 12 <br />months of 30 days each. Accrued but unpaid interest will be added to the principal balance of the <br />Note semi-annually on February 1 and August 1 of each year. <br /> <br />This Note is issued pursuant to that certain Contract for Private Redevelopment by and <br />between the City and the Owner dated as of September 9,2005 (the "Agreement") and is subject <br />to the terms, conditions and provisions of the Agreement. Capitalized terms in this Note not <br />defined herein shall have the definitions given those terms in the Agreement. <br /> <br />The Payment Dates shall commence on August 1 of the first year of receipt of Tax <br />Increment from the construction of the Minimum Improvements and on each February 1 and <br />August 1 thereafter until ,and including December 31, 20_ unless earlier paid in accordance <br />with the terms of this Note. <br /> <br />All Payments made by the City on this Note shall be applied first to accrued interest and <br />then to principal. Any accrued interest on this Note not paid on any Payment Date shall be added <br />on such Payment Date to the principal amount of this Note. <br /> <br />The Principal Amount is subject to prepayment at the option of the City in whole or in <br />part at any time without penalty. The Principal Amount is also subject to reduction as set forth in <br />Sections 4.6 and 4.7 of the Agreement. <br /> <br />Each Payment on this Note is payable in any coin or currency of the United States of <br />America which on the date of such Payment is legal tender for public and private debts and shall <br /> <br />47 <br />