Agenda - Council - 05/11/1993 - Laserfiche WebLink

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25. Invalidity of Any Section. If an>' portion, section, subsection, sentence, clause, paragraph or phase of this Agreement is for any reason held to be invalid by a court of competent jurisdiction, such decision shall not effect or void any of the other provisions of this Agreement. 26. Proof of Authority. When the DEVELOPER is a corporation, the CITY requires proof of authority by the corporation to execute this Agreement. This proof of authority could be satisfied by providing the CITY with a certified cop3, of minutes of the corporate Board of Directors granting such authority. 27.Becording of This Agreement. The DEVELOPER agrees that this Development Agrreement shall be recorded in the office of the Anoka County Recorder and agrees that the terms and provisions of this Agreement shall run with the land and shall bind the DEVELOPER, its successor and assigns. 28..Yiolation of This Agreement. If the DEVELOPER fails to perform any of the terms of this Agreement in the manner required by the CITY, the CITY shall be entitled to recover, from the DEVELOPER or the issuer of DEVELOPER'S financial guarantee, the fuI1 amount of any and ail financial guarantees. Breach of an3, of the terms of this Development Agreement by the DEVELOPER shall also be grounds for denial of Building Permits for buildings in the Plat. 29. Agreement Binding On Heirs. etc. The DEVELOPER agrees that this Development Agreement shall be binding upon their successors and assigns. Breach of any of the terms of this Development Agreement by the DEVELOPER shall be grounds for denial of Building permits for buildings in the Plat. IN WITNESS THEREOF, the parries have hereunto set their hands and seals, this __ day of , 1993. NORTH SUBURBAN DEVELOPMENT, INC. BY: IT'S: J.A. Menkveld CITY OF RAMSEY: Mayor ATTEST: City Administrator