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-154 <br />jurisdiction, such decision shall not effect or void any of the other provisions of this <br />Agreement. <br />21. Proof of Authority. When the DEVELOPER is a corporation, the CITY requires proof of <br />authority by the corporation to execute this Agreement. This proof of authority may be <br />satisfied by providing the CITY with a certified copy of minutes of the corporate Board of <br />Directors granting such authority. <br />22. Recording of This Agreement. The DEVELOPER shall record this Agreement in the <br />office of the Anoka County Recorder and agrees that the terms and provisions of this <br />Agreement shall run with the land and shall bind the DEVELOPER, its successor and <br />assigns. <br />23. Violation of This Agreement. If the DEVELOPER fails to perform any of the terms of this <br />Agreement in the manner required by the CITY, the CITY shall be entitled to recover, from <br />the DEVELOPER or the issuer of DEVELOPER'S financial guarantee, the full amount of <br />any and all financial guarantees. Breach of any of the terms of this Development Agreement <br />by the DEVELOPER shall also be grounds for denial of Building Permits for buildings in <br />the Plat. <br />24. Agreement Binding On Successors and Assigns. The DEVELOPER agrees that this <br />Development Agreement shall be binding upon its successors and assigns. <br />IN WITNESS THEREOF, the parties have hereunto set their hands and seals, this <br />the day of , 2008. <br />TIMOTHY E. HOLM NANCY E. HOLM <br />STATE OF MINNESOTA ) <br />)ss. <br />COUNTY OF ANOKA ) <br />The foregoing was acknowledged before me this day of , 2008, <br />by of Timothy E. Holm and Nancy E. <br />Holm, husband and wife. <br />Notary Public <br />Ebony Woods <br />Development Agreement <br />June 2008 <br />Page 6 of 7 <br />