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CERTIFICATION BY ASSESSOR <br />The undersigned duly appointed and qualified Interim Assessor of Anoka County, <br />Minnesota, certifies as follows. <br />(1) That I have reviewed the foregoing Assessment Agreement between the City of <br />Ramsey and BASALT PROPERTIES, LLC , a Limited Liability Company dated September So <br />, 2003, and that for purposes of this certification, capitalized terms not otherwise defined <br />in this Certification have meanings given them in the Assessment Agreement <br />(2) That I am legally responsible for assessment of the Development Property. <br />(3) That I have reviewed the plans and specifications for the Minimum Improvements to <br />be constructed on the Development Property <br />(4) That I find that the Minimum Market Value of Six Hundred Twenty -Seven Thousand <br />Nine Hundred and 00/100's Dollars ($627,900) for the Minimum Imsrovements and the <br />Development Property as stipulated in paragraph ; • - •re_oi i ' a essment gr- - -- - t is a <br />reasonable value. 411111111.11 -000.1111111.111 <br />111111141111----"1-116111111.--• <br />STATE OF MINNESOTA <br />) ss. <br />COUNTY OF ANOKA <br />Anoka o ty Interim Asses <br />Anoka County, Minnesota <br />The foregoing instrument was acknowledged before me this 26th day of September, <br />2003, by Edward L Thurston, the Interim Assessor of thpCoun * o oka, Minnesota <br />SEAN M. SULLIVAN <br />NOTARY PUBLIC- MINNESOTh <br />My Gomm En) Jan 37,2005 <br />Sig . ure of Notary Public <br />30 <br />