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I <br />i <br />I <br />I <br />I <br />I <br />i <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br /> <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 /> <br />34. Agreement Binding On Successors and Assigns. The DEVELOPER agrees that this <br /> Development Agreement shall be binding upon its successors and assigns. <br /> <br />IN WITNESS THEREOF, the parties have hereunto set their hands and seals, this <br /> day of ., 2003. <br /> <br />LTR LAND DEVELOPMENT, INC. <br />By: <br /> <br />CITY OF RAMSEY: <br />By: <br /> <br />Its: Its: Mayor <br /> <br />ATTEST: <br />By: <br /> <br />Its: City Administrator <br /> <br />STATE OF MINNESOTA ) <br /> ) <br />COUNTY OF ANOKA ) <br /> <br />SS. <br /> <br />On this day of , 2003, before me a Notary Public personally appeared <br />Thomas G. Gamec and James E. Norman, to me personally known, who, being each by me duly <br />sworn did say that they are respectively the Mayor and City Administrator of the City of Ramsey, <br />the municipal corporation named in the foregoing instrument, and seal affixed to said instrument <br />is the corporate seal of said municipal corporation, and the said instrument was signed and sealed <br />on behalf of said municipal corporation by authority of its City Council and said Thomas G. <br />Gamec and James E. Norman acknowledge said instrument to be the free act and deed of said <br />municipal corporation. <br /> <br />Development Agreement/Village of Sunfish Lake <br /> Page 11 of 12 <br /> <br />-163- <br /> <br /> <br />