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I <br /> I <br /> I <br /> I <br /> I <br /> I <br /> I <br /> I <br /> I <br /> I <br /> I <br /> I <br /> I <br /> I <br />i <br />I <br />I <br />I <br />I <br /> <br />22. Prou[ 9f' .-\i~thuri~. ~3, hct~. mc DEVELOPER is a corporauon, mc CITY requires <br /> proof of aul~ortt}' by tt~ ~'orpo~ation [o execute this Agreement This ~roof of authon~ <br /> could be satisfied by providing the CITY with a cenifie~ copy of minutes of the co, orate <br /> Board of Directors granting such authority. <br /> <br />23. ReeoCding :of This Aereement. The DEVELOPER agrees that this Development <br /> A~eem~nt shall ~ recorded in the office of ~e Anoka County R~order ~d a~ees that the <br /> te~s and provisions of this Agreement shall run with the land and shall bind the <br /> DEVELOPER, its successor and assigns. <br /> <br />24. <br /> <br />V}91a!iOn_ o[' This Agreement. If the DEVELOPER fails to perform an.,,' of the terms <br />of this Agreement in the manner required by the CITY, the CITY shall be entitled to <br />recovtr~ from the DEVELOPER or the issuer of DEVELOPER'S financial guarantee. <br />the fulllamqunt of any and all financial guarantees. Breach of any of the terms of this <br />Development A=m-eement by the DEVELOPER shall also be grounds for denial of <br />Building permits for buildings in the Plat. <br /> <br />IN WITNESS THEREOF, ,' ~ . __ <br /> ~n~ parties have hereunto set their hands and seals, this <br /> <br />of . ! 992. <br /> <br />dav <br /> <br />~7 <br /> <br /> <br />