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CERTIFICATION BY COUNTY ASSESSOR <br />The undersigned, having reviewed the Assessment Agreement dated as of <br />, 2011 between the City of Ramsey, Minnesota and F & C <br />Development, Inc., an Indiana corporation; the Construction Plans for the Project, as defined in <br />the Assessment Agreement; and the market value currently assigned to land upon which the <br />improvements are to be constructed and being of the opinion that the minimum market values <br />contained in the Assessment Agreement appears reasonable, hereby certifies as follows: <br />The undersigned Assessor, being legally responsible for the assessment of the above <br />described property, hereby certifies that the market values assigned to such land and <br />improvements are reasonable. <br />County Assessor for Anoka County <br />STATE OF MINNESOTA ) <br />) ss. <br />COUNTY OF ANOKA ) <br />This instrument was acknowledged before me on , 2011, by <br />, the County Assessor of Anoka County. <br />Notary Public <br />2714042v3 <br />11 /03/ 10 <br />