Agenda - Council - 11/26/2002 - Laserfiche WebLink

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-246- 34. 35. Violation of This Agreement. If the DEVELOPER fails to perform any of the terms of this Agreement in the manner required by the CITY, the CITY shall be entitled to recover, from the DEVELOPER or the issuer of DEVELOPER'S financial guarantee, the full amount of any and all financial guarantees. Breach of any of the terms of this Development Agreement by the DEVELOPER shall also be grounds for denial of Building Permits for buildings in the Plat. Agreement Binding On Successors and Assigns. The DEVELOPER agrees that this Development Agreement shall be binding upon its successors and assigns. IN WITNESS THEREOF, the parties have hereunto set .their hands and seals, this day of ,2002. ALLSTATE DEVELOPMENT, LLC CITY OF RAMSEY: By: Its: By: Its: Mayor ATTEST: By: Its: City Administrator STATE OF MINNESOTA ) ) COUNTY OF ANOKA ) 88. On this day of , 2002, before me a Notary Public personally appeared Thomas G. Gamec and James E. Norman, to me personally known, who, being each by me duly sworn did say that they are respectively the Mayor and City Administrator of the City of Ramsey, the municipal corporation named in the foregoing instrument, and seal affixed to said instrument is the corporate seal of said municipal corporation, and the said instrument was signed and sealed on behalf of said municipal corporation by authority of its City Council and said Thomas G. Gamec and James E. Norman acknowledge said instrument to be the free act and deed of said municipal corporation. Notary Public Villas of Meadow Pointe Townhomes Subdivision Development Agreement Page 11 of 12 I I I I I I I I I I I I I I I I I I I