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27. <br /> <br />28. <br /> <br />29. <br /> <br />30. <br /> <br />31. <br /> <br />Invalidity of Any Section. If any portion, section, subsection, sentence, clause, <br />paragraph or phase of this Agreement is for any reason held to be invalid by a court of <br />competent jurisdiction, such decision shall not effect or void any of the other provisions <br />of this Agreement. <br /> <br />Proof of Authority. When the DEVELOPER is a corporation, the CITY requires proof <br />of 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 <br />of Directors granting such authority. <br /> <br />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 /> <br />Violation of This Agreement. If the DEVELOPER fails to perform any of the terms of <br />this Agreement in the manner required by the CITY, the CITY shall be entitled to <br />recover, from the DEVELOPER or the issuer of DEVELOPER'S £mancial guarantee, the <br />full amount of any and all financial guarantees. Breach of any of the terms of this <br />Development Agreement by the DEVELOPER shall also be grounds for denial of <br />Building Permits for buildings in the Plat <br /> <br />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 ,200 I. <br /> <br />US HOME CORPORATION <br />By: <br /> <br />It s: <br /> <br />CITY OF RAMSEY: <br />By: <br /> <br />Its: Mayor <br /> <br />ATTEST: <br />By: <br /> <br />Its: City Administrator <br /> <br />-225- <br /> <br /> <br />