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27. <br /> <br />Recordihe of This Agreement. The DEVELOPER agrees that this Development <br />Agreem~t shall be recorded in the office of the Anoka County Recorder and agrees that the <br />terms ar~ provisions of this Agreement shall run with the land and shall bind the <br />DEVEL{DPER, its successor and assigns. <br /> <br />28. Violatigfi of This A_~r~ment. If the DEVELOPER fails to perform an), of the terms <br /> of this A~reemem 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 /> Developr~ent Agreement by the DEVELOPER shall also be grounds for denial of <br /> Building Permits for buildings in the Plat. <br /> <br />29. <br /> <br />Ao~reem~nt Bindin£ On Heirs, etc. The DEVELOPER agrees that this <br />Developrfient Agreement shall be binding upon their successors and assigns. Breach of <br />any of th~ terms of this Development Agreement by the DEVELOPER shall be grounds <br />for denialiof Building permits for buildings in the Plat. <br /> <br />IN WITNESS ~HEREOF, the parties have hereumo set their hands and seals, this __ <br /> <br />da3, <br /> <br />of i ,1994. <br /> <br />GOOD VALUE HOMES, INC. <br /> <br />CITY OF RAMSEY: <br /> <br />By: <br /> <br />Its: <br /> <br />lViayor <br /> <br />ATTEST: <br /> <br />City Administrator <br /> <br />IOl <br /> <br /> <br />