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paragraph or phase of this Agreement is for any mason held to be invalid by a court of <br />competent jurisdiction, such decision shall not effect or void any of the other provisions of <br />this Agreement. <br /> <br />29. Proof of Authorit_v, When the DEVELOPERS are a corporation, the CITY requires <br /> proof of authority by the corporation to execute this Agreement. This proof of authority <br /> could be satisfied by providing the CITY with a certified copy of minutes of the corporate <br /> Board of Directors granting such authority. <br /> <br />30. Recording of Plat. The Plat shall not be released for recording until the <br /> DEVELOPERS have submitted soil borings and a grading plan which indicates lowest <br /> floor elevations and sediment conn-ol. The grading plan shall be subject to the approval of <br /> the City Engineer. <br /> <br />31. Recording of This Agreement. The DEVELOPERS agree that this Development <br /> Agreement shall be recorded in the office of the Anoka County Recorder and agrees that the <br /> terms and provisions of this Agreement shall run with the land and shall bind the <br /> DEVELOPERS, their successors and assigns. <br /> <br />32. Violation of This Agreement. If the DEVELOPERS fail to perform any of the <br /> terms of this Agreement in the manner required by the CITY, the CITY shall be ent/flecl to <br /> recover, from the DEVELOPERS or the issuer of DEVELOPERS' £mancial guarantee, <br /> the full mount of any and all financial guarantees. Breach of any of the terms of this <br /> Development Agreement by the DEVELOPER shall also 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 /> <br />of , 1993. <br /> <br />ELizabeth J. Raudio <br /> <br />Arthur K. Raudio <br /> <br />RAMSEY CENTER LIMITED PARTNERSHIP <br /> <br />Arthur K. Raudio, General Partner <br /> <br /> <br />