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23.Invalidity of Any Section. tf 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 of <br /> this Agreement. <br /> <br />24. proof of Authority. When the DEVELOPER is 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 />25.1~ecordine of This Agreement. The DEVELOPER agrees that this Development <br /> Agreement shall be recorded in the office of the Ano~ County Recorder and agrees that the <br /> terms and provisions of this Agreement shall run with the land and shall bind the <br /> DEVELOPER, its successor and assigns. <br /> <br />26. ¥iola~ion of This Agreement. If the DEVELOPER fails to perform any of the terms <br /> of this Agreement in the manner required by the CITY, the CITY shall be entitled to <br /> recover, from the DEVELOPER or the issuer of DEVELOPER'S financial guarantee, <br /> the full amount of any and ail f'mancial 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 />27.Aereement Bin~ting On Heirs. etc. The DEVELOPER agrees that this <br /> Development Agreement shall be binding upon their successors and assigns. Breach of <br /> any of the terms of this Development Agreement by the DEVELOPER shall be grounds <br /> for denial of Building permits for buildings in the Plat. <br /> <br />IN VOTNESS THEREOF, the parties have hereunto set their hands and seals, this. <br /> <br />of , 1993. <br /> <br />day <br /> <br /> <br />