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29. <br /> <br />Recording of Plat. The Plat shall not be released for recording until the <br />DEVELOPER has submitted soil borings and a grading plan which indicates lowest <br />floor elevations and sediment control. The grading plan shall be subject to the approval o~ <br />the City Engineer. <br /> <br />30. <br /> <br />Recording of This Agreement. The DEVELOPER agrees that this Development <br />Agreement shall be recorded in the office of the Anoka County Recorder and agrees that the <br />terms and provisions of this Agreement shall mn with the land and shall bind the <br />DEVELOPER, his/her successors and assigns. <br /> <br />31. <br /> <br />Violation of This Agreement. If the DEVELOPER fails to perform any of the terms <br />of this Agreement in the manner required by the CITY, the CITY shall be entitled to <br />recover, from the DEVELOPER or the issuer of DEVELOPER'S financial guarantee, <br />the full amount of any and all financial guarantees. Breach of any of the terms of this <br />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 /> <br />day of <br /> <br />RESIDENTIAL DEVELOPMENT, INC. <br /> <br />Rick D. Murray, President <br /> <br />STATE OF MINNESOTA ) <br /> ) <br />COUNTY OF ANOKA ) <br /> <br />SS <br /> <br />The foregoing was acknowledged before me this day of ,1995 by Rick D. MmTay, <br />the President of Residential Development, Inc., a corporation under the laws of the State of <br />Minnesota, on behalf of the corporation. <br /> <br />Notary Public <br /> <br /> <br />