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24. ~ <br /> <br />27. <br /> <br />assessments against the subject property shall be in a current status prior to execution of <br />this Agreement. <br /> <br />.Marketable Title. Prior to recording of the Final Plat, the DEVELOPER shall provide <br />the CITY proof of marketable title to the Plat either through a currently certified abstract, <br />registered property abstract or title insurance. <br /> <br />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 to be used for its intended purposes. <br /> <br />][nvalldity of Any Secllon. 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 of <br />this Agreement. <br /> <br />Proof of Authority. When the DEVELOPER is a corporation, the CITY requires <br />proof of authority by the corporation to execute this Agreement. This proof of authority <br />could be satisfied by providing the CITY with a certified copy of minutes of the corporate <br />Board of Directors granting such authority. <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 of <br />the City Engineer, <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 run with the land and shall bind the <br />DEVELOPER, his/her successors and assigns. <br /> <br />Yi01ation of This Agreement. If the DEVELOPER falls to perform any of the terms <br />of this Agreement in the manner required by the CITY, the CITY shah 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 /> <br /> I <br /> <br />I <br />I <br /> <br /> <br />