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35. <br /> <br />36. <br /> <br /> -7- <br />assigns. This a~eement will need t9 be revised when the application for Final Plat is apPi-i~d <br />for and approved. ~ <br /> <br />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 fall 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 den/al of Building Permits for buildings in <br />the Plat. <br /> <br />Agreement Binding On Successors and Assigns. The DEVELOPER agrees that this <br />Development Ageement shall be binding upon its successors and assigns. <br /> <br /> ENr WITNESS THEREOF, the parties have hereunto set their hands and seals, this __ <br />day of ,2003. <br /> <br />Brightkeys Building Development Corporation <br /> <br />By: <br /> <br />Its: <br /> <br />STATE OF MINNESOTA ) <br /> )SS. <br />COUNTY OF ANOKA ) <br /> <br />The foregoing was acknowledged before me this __ day of ., 2003, <br />by the of Brightkeys Building Development Corporation, <br />a corporation under the laws of the State of Minnesota, on behalf of the corporation, <br /> <br />Notary Public <br /> <br />-196- <br /> <br />Town Center Gardens Subdivision <br />Development Agreement <br /> Page 11 of 12 <br /> <br /> <br />