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day of <br /> <br />28. <br /> <br />Violation of this Affreement. The DEVELOPER agrees that the terms of the <br />financial guarantee s-hall 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 />29. <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 /> ~,1992. <br /> <br />JUNIPER RIDGE PARTNERSHIP <br /> <br />CITY OF RAMSEY: <br /> <br />fly; <br />,As: <br /> <br />By: <br /> <br />James R. Gilbertson, Mayor <br /> <br />By; <br />As: <br /> <br />By: <br /> <br />Ryan Schroeder, City Administrator <br /> <br />STATE OF MINNESOTA ) <br /> ) <br />COUNTY OF ANOKA ) <br /> <br />SS. <br /> <br />On the day of 1991, before me a Notary Public, personally appeared <br />James R. Gilbertson and Ryan Schroeder, to me personally known, who, being each by me duly <br />sworn did say that they are respectively the Mayor and City Administrator of the City of Ramsey, <br />the municipal corporation named in the foregoing instrument, and seal affixed to said instrument is <br />the corporate seal of said municipal corporation, and the said instrument was signed and sealed on <br />behalf of said municipal corporation by authority of its City Council and said James R. Gilbertson <br />and Ryan Schroader, acknowledge said instrument to be the free act and deed of said municipal <br />corporation. <br /> <br />(CITY SEAL) <br /> <br />Notary Public <br /> <br /> <br />