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20. <br /> <br />21. <br /> <br />22. <br /> <br />DEVELOPMENT AGREEMENT - NORT~ FORTY 3RD ADDITION <br /> <br />fully paid prior to recording of the Final Plat. Any <br />expenses incurred after recording of the Final Plat shall <br />also be paid within said fifteen (15) day billing period. <br />Failure to pay ~he CITY'S expenses within the fifteen <br />(15) day billing period will permit the CITY to draw upon <br />any of the escrows required by this contract for payment. <br /> <br />Marketable Title. Prior to recording of the final plat <br />the DEVELOPER shall provide to the CITY proof of <br />marketable title to the plat either through a currently <br />certified abstract, registered property abstract or title <br />insurance. <br /> <br />Invalidity of Any One Section. If any portion, section, <br />subsection, sentence, clause, paragraph or phase of this <br />Agreement is for any reason held to be invalid by a court <br />of competent jurisdiction, such decision shall not effect <br />or void any of the other provisions of this Agreement. <br /> <br />Aqreement Bindinq On Heirs, etc. The DEVELOPER agrees <br />that this Development Agreement shall be binding upon <br />their successors and assigns. Breach of any of the terms <br />of this Development Agreement by the DEVELOPER shall be <br />grounds for denial of Building Permits for buildings in <br />the Plat. <br /> <br />IN WITNESS THEREOF, the parties have hereunto set their hands <br /> <br />and seals, this <br />DEVELOPER: <br /> <br />R.J.S. BUILDERS INC. <br /> <br />day of <br /> <br />By: <br /> <br />Its <br /> <br /> , 1989. <br />CITY OF RAMSEY: <br />By: <br /> <br /> Mayor <br />ATTEST: <br /> <br />City Administrator <br /> <br /> <br />