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this Agreement in the manner required by the CITY, the CITY shall be entitled to recover, <br />from the DEVELOPER or the issuer of DEVELOPER'S financial guarantee, the full <br />mount of any and all financial guarantees. Breach of any of the terms of this Development <br />Agreement by the DEVELOPER shall also be grounds for denial of Building Permits for <br />buildings in the Plat. <br /> <br />28. <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 WHEREOF, the parties have hereunto set their hands and seals this ., 1997. <br /> <br />G.M. HOMES, INC. <br /> <br />day of <br /> <br />CITY OF RAMSEY: <br /> <br />By: . Gene Shell¢ruct By: Thomas O,.0~rnec <br />As: President As: Mayor <br /> <br />STATE OF MINNESOTA ) <br /> )ss. <br />COUNTY OF ) <br /> <br />ATTEST: <br /> <br />City Administrator <br /> <br />The foregoing instrument was acknowledged before me this .__day of , <br />1997, by Gene Shellerud, the President of G.M. Homes, Inc., a Minnesota Corporation, on behalf <br />of the corporation. <br /> <br />Notary Public <br /> <br /> I <br /> I <br />I <br />I <br />I <br />I <br />I <br />! <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 />