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23. Certificate of Occupancy. The term "Certificate of Occupancy" as used in this <br /> Agreement shall be defined as a document issued by the City's Building Official which <br /> authorizes the structure to be used for its intended purposes. <br /> <br />24. Invalidity of Any Section. If 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 />25. 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 />26. Recording of This Agreement. The DEVELOPER agrees 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 /> DEVELOPER, its successor and assigns. <br /> <br />27. Violation 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 £mancial guarantee, <br /> the full mount of any and all 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 />28.Agreemcnt~ .Bin~ling On .Heirs, .¢~q:, 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 /> <br />IN WITNESS THEREOF, the parries have hereunto set their hands and seals, this __ <br /> <br />of . , 1992. <br /> <br />day <br /> <br /> <br />