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period will permit the CITY to draw upon any of the escrows required by this Agreement <br />for payment. <br /> <br />14. <br /> <br />Marketable Title. Prior to recording of the Final Plat, the DEVELOPERS shall provide <br />to the CITY, proof of marketable title to the Plat either through a currently certified <br />abstract, registered property abstract or title insurance. <br /> <br />15. <br /> <br />Invalidity of Any One Section. 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 <br />of this Agreement. <br /> <br />16. <br /> <br />Agreement Binding On Heirs, etc. The DEVELOPERS agrees that this Development <br />Agreement shall be binding upon his successors and assigns. Breach of any of the terms <br />of this Development Agreement by the DEVELOPERS shall be grounds for denial of <br />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 ,2003. <br /> <br />DEVELOPERS: <br /> <br />Greg Bauer - Trilogy Homes <br /> <br />STATE OF MINNESOTA ) <br />COUNTY OF ANOKA ) <br /> <br />The foregoing instrument was acknowledged before me this <br /> ,2003, by Greg Bauer, principal of Trilogy Homes, Inc. <br /> <br />day of <br /> <br />Notary Public <br /> <br />CITY OF RAMSEY: <br /> <br />ATTEST: <br /> <br />By: <br /> <br />Mayor <br /> <br />By: <br /> <br />City Clerk <br /> <br />STATE OF MINNESOTA ) <br /> <br />Development Agreement: Trappers Ridge <br /> Page 6 of 7 <br /> <br /> <br />