Agenda - Council - 01/13/1998 - Laserfiche WebLink

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'1 I I I I I I I I I I I I I I I I I 16. Proof of Authori_ty. When the DEVELOPER is a corporation, the CITY requires proof of authority by the corporation to execute this Agreement. This proof of authority could be satisfied by providing the CITY with a certified copy of minutes of the corporate Board of Directors granting such authority. 17. Recording of This Agreement. The DEVELOPER agrees that this Development Agreement shall be recorded in the office of the Anoka County Recorder and agrees that the terms and provisions of this Agreement shhll run with the land and shall bind the DEVELOPER, his/her successors and assigns. 18. 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. IN WITNESS THEREOF, the parties have hereunto set their hands and seals, this day of ,1998. WILLIAM C. RADEMACHER KAREN C. RADEMACHER STATE OF MINNESOTA ) ) ss COUNTY OF ) The foregoing instrument was acknowledge before me this day of .,_ 1998, by William C. Rademacher and Karen C. Rademarcher, husband and wife, to me knowns to be the persons described in and who executed the foregoing instrument and acknowledged that they executed the same as their free act and deed. Notary Public CITY OF RAMSEY: ATTEST: Mayor Acting City Administrator