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26. <br /> <br />Marketable Title. Prior to recording of the final plat, the DEVELOPER shall provide <br />to the CITY proof of marketable title to both the Plat either through a currently certified <br />abstract, registered property abstract or title insurance. <br /> <br />27. <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 could <br />be satisfied by providing the CITY with a certified copy of minutes of the corporate <br />Board of Directors granting such authority. <br /> <br />28. <br /> <br />Invalidity of Any One 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 />29. <br /> <br />Recording of Development ..Agreement. The DEVELOPER agrees that this <br />Development Agreement shall be recorded in the office of the Anoka County Recorder <br />and agrees that the terms and provisions of this Agreement shall be a covenant on any and <br />all deeds relative to the property included in the Plat. <br /> <br />30. <br /> <br />Violation of this Agreement, The DEVELOPER agrees that the terms of the financial <br />guarantee shall be deemed to have been violated if the DEVELOPER fails to perform <br />any of the terms of this Agreement in the manner required by the CITY and the CITY <br />shall be entitled to recover from the DEVELOPER or the issuer of DEVELOPERS' <br />letter of credit, the full amount of the letter of credit. <br /> <br />31. <br /> <br />Agreement Binding On Heirs, etc. The DEVELOPER agrees that this Development <br />Agreement shall be binding upon their successors and assigns. Breach of any of the terms <br />of this Development Agreement by the DEVELOPER shall be grounds for denial of <br />Building Permits for buildings in the Plat. <br /> <br /> IN WITNESS THEREOF, the parties have hereunto set their hands and seals, this <br />day of .,2000. <br /> <br />VALLEY VIEW ACRES <br /> <br />CITY OF RAMSEY: <br /> <br />By: <br /> <br />As: <br /> <br />By: <br /> <br />By: <br /> <br />Thomas G. Gamec, Mayor <br /> <br />James E. Norman, City Administrator <br /> <br />STATE OF MINNESOTA ) <br />COUNTY OF ANOKA ) <br /> <br />) 25. <br /> <br />On the day of 2000, before me a Notary Public, personally appeared Thomas G. <br />Gamec and James E. Norman, to me personally known, who, being each by me duly sworn did say that they are <br /> <br />120 <br /> <br /> I <br /> I <br /> <br />! <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 /> <br />