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EXHIBIT C <br /> Form of Certificate of Stabilization <br /> The CITY OF EVERETT, a Washington municipal corporation ("City"), hereby certifies <br /> that TOUCHSTONE EVERETT HOTEL LLC, a Washington limited liability company <br /> ("Developer"), owner of the Improvements on the real property described in Exhibit A attached <br /> hereto (the "Property"), as such Improvements are described in that certain Project Construction <br /> Covenant dated , 20_ (the "Covenant"), which Covenant was recorded in the <br /> Recording Office of Snohomish County, Washington, as Document No. , on <br /> , 20 . <br /> This Certificate of Stabilization is and shall be a conclusive determination that the <br /> Developer has satisfied, or City has waived, the following provisions of the Covenant: <br /> Section 3.3. Section 3.3 is hereby terminated to the extent it is an encumbrance on the Property <br /> and is released from title to the Property. <br /> IN WITNESS WHEREOF, City has caused this instrument to be executed this day <br /> of , <br /> [ATTACH REQUISITE SIGNATURE AND NOTARY BLOCKS,LEGAL <br /> DESCRIPTION,AND RECORDING COVER SHEET] <br /> C-I <br /> 51083924.1 <br />