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ctause,4para~aph or phase of this Agreement is for any reason held to be invalid by a court <br />of competent jurisdiction, such decision shall not effect or void any of the other provisions <br />of this A~eement. <br /> <br />26. Proof of'Aulhority, X, Vhen the DEVELOPER is a corporation, the CITY requires <br /> proof of authoriD' by the corporation to execute this Agreement. This proof of author/ty <br /> could be satisfied by providing the CITY with a certified copy of n'finutes of the corporate <br /> Board of Directors granting such author/[>'. <br /> <br />27..R,~cording of' This A~reement, The DEVELOPER agrees that this Development <br /> A~eement shall be recorded in the office of the Anoka CounB, Recorder and a~ees that the <br /> terms and provisions of this Agreement shall run with the land and shall bind the <br /> DEVELOPER, its successor and assigns. <br /> <br />28. <br /> <br />Violation of This Agreement, If the DEVELOPER fails to perform any of the <br />termsTof this A~eement 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 all financial guarantees. Breach of any of the terms <br />of this Development Ageement by the DEVELOPER shall also be Founds for denial of <br />Building Pe~wnits for buildings in the Plat. <br /> <br />29. Agreement Bindin~ On Heirs, elc, The DEVELOPER agrees that this <br /> Development A~eement shall be binding upon their successors and assigns. Breach of <br /> any of the terms of this Development A~eement by the DEVELOPER shall be ~ounds <br /> for denial of Building permits for buildings in the Plat. <br /> <br />IN 'WITNESS THEREOF, the parties have hereunto set their hands and seals, this <br /> <br />of 1994. <br /> <br />WPH <br />BY: <br /> <br />IT'S: <br /> <br />PROPERTIES, INC. CITY OF RAMSEY: <br /> <br />David I. Segai <br /> <br /> Mayor <br />ATTEST: <br /> <br />City Adminisn"ator <br /> <br /> <br />