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I6. Proof of Authori_ty. 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. Recording 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. Viola.tion 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 ali 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 ., 1997. <br /> <br />WILLIAM C. RADEMACHER <br /> <br />KAREN C. RADEMACHER <br /> <br />STATE OF MINNESOTA ) <br /> ) ss <br />COUNTY OF ) <br /> <br /> The foregoing instrument was acknowledge before me this day of <br /> .,_1997, by William C. Rademacher and Karen C. Rademarcher, <br />husband and wife, to me knowns to be the persons described in and who executed the <br />foregoing instrument and acknowledged that they executed the same as their free act and <br />deed. <br /> <br />Notar~ Public <br /> <br />CITY OF RAMSEY: <br /> <br />Mayor <br /> <br />ATTEST: <br /> <br />Acting City Administrator <br /> <br /> I <br /> I <br /> <br /> I <br /> <br />I <br /> <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br /> <br /> <br />