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27. <br /> <br />28. <br /> <br />29. <br /> <br />30. <br /> <br />lnYaliditv of Any One Section, If any portion, section, subsection, sentence, <br />clause, p~"agraph or phase of this Agreement is for any reason held to be invalid by <br />a court of competent jur/sdiction, such decision shall not effect or void any of the <br />other provisions of this Agreement. <br /> <br />Recording of DeYdopmen! Agreement. The DEVELOPER a~rees that this <br />Development Agreement shall be recorded in the office of the Anoka Count>, <br />Recorder and agrees that the terms and provisions of this Agreement shall be a <br />covenant on an>, and all deeds relative to the property included in the Plat. <br /> <br />Violatign of this Agreement. The DEVELOPER agrees that the terms of the <br />financial guarantee shall be deemed to have been violated if the DEVELOPER <br />fails to perform any of the terms of this Agreement in the manner required by the <br />CITY and the CITY shall be entitled to recover from the DEVELOPER or the <br />issuer of DEVELOPERS' letter of credit, the full amount of the letter of credit. <br /> <br />Agreement Binding On Heirs, etc. The DEVELOPER agrees that this <br />Development Agreement shall be binding upon their successors and assigns. <br />Breach of any of the terms of this Development Agreement by the DEVELOPER <br />shall be grounds 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 />day of ,~994. <br /> <br />JUNIPER RIDGE <br /> <br />CITY OF RAMSEY: <br /> <br />By: By: <br /> <br />By: <br /> <br />James R. Gilbertson, Mayor <br /> <br />Ryan Schroeder, City Administrator <br /> <br /> <br />