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k. Estoppel Certificates and Certificate of Completion. Within ten (10) days <br />after a written request from the PERMITTEE, the CITY will provide the <br />PERMITTEE and any third party who is purchasing all or any portion of <br />the Subject Property or to whom the PERMITTEE is granting a mortgage <br />on all or any portion of the Subject Property with a written estoppel <br />certificate stating: (i) that this Agreement remains in full force and effect <br />— or - that this Agreement has been terminated; (ii) that this Agreement has <br />not been modified or amended - or, if this Agreement has been modified or <br />amended -, identifying such modifications or amendments; (iii) the type and <br />amount of any security the CITY is holding to secure the performance of <br />the PERMITTEE' S obligations under this Agreement; (iv) that, to the best <br />of the CITY' S actual knowledge, the PERMITTEE is not in default in the <br />performance of the PERMITTEE' S obligations under this Agreement - or, <br />if the CITY has knowledge of PERMITTEE defaults, describing those <br />defaults; and (v) that, to the best of the CITY'S actual knowledge, the <br />CITY is not in default in the performance of the CITY'S obligations under <br />this Agreement - or, if the CITY has knowledge of CITY defaults, <br />describing those defaults. At any time that the PERMITTEE believes it <br />has fully performed its obligations under this Agreement, the <br />PERMITTEE may so notify the CITY and the CITY shall promptly <br />inspect the Subject Property to determine if the PERMITTEE has fully <br />performed its obligations under this Agreement. Within ten (10) days after <br />the CITY'S inspection the CITY must provide the PERMITTEE with <br />either a detailed written description of the PERMITTEE's obligations <br />which the CITY determines the PERMITTEE has not fully performed or <br />a recordable instrument executed by the CITY'S mayor and CITY <br />administrator evidencing the termination and satisfaction of this <br />Agreement. <br />1. Notices. Required notices shall be in writing, and shall be either hand <br />delivered to the Parties, its employees or agents, or mailed to them by <br />certified or registered mail at the following address: <br />TO PERMITTEE: <br />21st Century Bank <br />Attn: Thomas Dolphin, Chief Executive Officer <br />9380 Central Avenue NE <br />Blaine, MN 55434 <br />TO THE CITY: <br />City of Ramsey <br />Attn: Community Development Director <br />7550 Sunwood Drive NW <br />Ramsey, MN 55303 <br />