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Agenda - Council - 03/24/1998
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Agenda - Council - 03/24/1998
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Meetings
Meeting Document Type
Agenda
Meeting Type
Council
Document Date
03/24/1998
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I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />! <br /> <br />I <br />I <br />I <br />I <br />I <br />! <br />I <br />I <br /> <br />13. Marketable Title. Prior to recording of the Final Plat, the DEVELOPER shall <br />provide the CITY proof of marketable title to the Plat either through a currently certified <br />abstract or registered property abstract or title insurance. <br /> <br />14. Certificate of Occupancy. The term "Certificate of Occupancy" as used in this <br />Agreement shall be defined as a document issued by the City's Building Official which <br />authorizes the structure '~o be used for its intended purposes. <br /> <br />15. Invalidi .ty 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 />16. ]'roof of Authority_. When the DEVELOPER is a corporation, the CITY <br />requires proof of authority by the corporation to execute this Agreement. This proof of <br />authority could be satisfied by providing the CITY with a certified copy of minutes of the <br />corporate Board of Directors granting such authority. <br /> <br />17. l~ecording of This 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 run with the land and <br />shall bind the DEVELOPER, his/her successors and assigns. <br /> <br />18. Violation of This Agreement. If the DEVELOPER fails to perform any of the <br />terms of this Agreement in the manner required by the CITY, the CITY shall be entitled <br />to recover, from the DEVELOPER or the issuer of DEVELOPER'S financial <br />guarantee, the full amount of any and all financial guarantees. Breach of anY of the terms <br />of this Development Agreement by the DEVELOPER shall also 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 ,1998. <br /> <br />RRG, L.L.C. <br /> <br />By: <br /> Gary L. Gruber <br />As: President <br /> <br />STATE OF MINNESOTA ) <br /> ) ss <br />COUNTY OF ) <br /> <br /> <br />
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