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2004-09-08 No Default LetterNIbertville v 5975 Main Avenue N.E. • P.O. Box 9 • Albertville,. MN 55301 • (763) 497-3384 •Fax: (763) 497-3210 SmuO Tncyn W.9. Big CRy Ut.. i September 8, 2004 • Dave Harvey Regional Manager 123 North Wacker Drive! Ste. 1900 Chicago, IL 60606 Re: Albertville Crossings — Jerry Hertel Dear Mr. Harvey: The, City of Albertville certifies in connection with those certain Development Agreements recorded as Documents 694771, 789447 and 824396 in Wright County Recorder's Office (the "Development Agreement") that there are no defaults under any of the Development Agreements and that all monetary and performance obligations of Developer (as defined in the Development Agreement) or any successors interest to the Developer relating to the Property have been satisfied. If you have any questions, please give me a call at 763-497-3384. Sin erel. Larry Kruse City Administrator 4 Jerry Hertel 15600 Wayzata Boulevard Suite 201 Wayzata, Minnesota 55391 s