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1j Permag Corporation Addition CERTIFICATE OF COMPLIANCE CERTIFICATE OF COMPLIANCE granted November 25, 2002 by the CITY OF CHANHASSEN, a Minnesota municipal corporation ("City"). WHEREAS, the City entered into that certain Development Contract dated August 27, 1990, between the City and PERMAG CORP. filed September 28, 1990, as Abstract Document No. 5706755 in the office of the County Recorder, Hennepin County, Minnesota (the "Development Contract"). WHEREAS, the City has been requested to issue a Certificate of Compliance pursuant to that certain Development Contract concerning PERMAG CORP. ADDITION, Hennepin County, Minnesota (hereinafter "subject property"); and WHEREAS, the development work has been completed and the City has determined that it is appropriate to issue such a certificate. NOW, THEREFORE, BE IT RESOLVED BY THE CHANHASSEN CITY COUNCIL: 1. The subject prope~.'ty is hereby released from the financial obligations created by the aforementioned Development Contract with the exception of unpaid park c. harges and special assessments that have been levied or are pending against the subject property, if any. CITY OF CHANHASSEN BY: AND Linda Jansen, Mayor Todd Gerhardt, City Manager STATE OF MINNESOTA) ( SS. COUNTY OF CARVER ) The foregoing instrument was acknowledged before me this ~ day of 2002, by Linda Jansen and by Todd Gerhardt, respectively the Mayor and City Manager of the City of Chanhassen, a Minnesota municipal corporation, on behalf of the corporation and pursuant to the authority granted by its City Council. DRAFTED BY: NOTARY PUBLIC City of Chanhassen 7700 Market Boulevard P.O. Box 147 Chanhassen, MN 55317 Telephone: (952) 227-1100 g:\eng\forms\certificates of compliance\permag.doc