Agenda - Council - 11/14/2017 - Laserfiche WebLink

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N. Invalidity of Anv Section. If any portion, section, subsection, sentence, clause, paragraph or phase of this Contract 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 Contract. O. Proof of Authority. When the DEVELOPERS is a corporation, the CITY requires proof of authority by the corporation to execute this Contract. This proof of authority may be satisfied by providing the CITY with a certified copy of minutes of the corporate Board of Directors granting such authority. P. Recordino of This Contract. The DEVELOPERS shall record this Contract in the office of the Anoka County Recorder and Registrar of Titles and agree that the terms and provisions of this Contract shall run with the land and shall bind the DEVELOPERS, their successor and assigns. Q. Violation of This Contract. If the DEVELOPERS fails to perform any of the terms of this Contract in the manner required by the CITY, the CITY shall be entitled to recover, from the DEVELOPERS or the issuer of DEVELOPERS' fmancial guarantee, the full amount of any and all financial guarantees. Breach of any of the terms of this Development Contract by the DEVELOPERS shall also be grounds for denial of Building Permits for buildings in the Plat. R. Contract Binding On Successors and Assigns. The DEVELOPERS agree that this Development Contract shall be binding upon its successors and assigns. 30. Requirements for Building and Dccunanev Permits. No building permit for any lot in the Plat shall be issued until; (a) a Class 5 driving surface is installed to within 300 feet of the structure; (b) a Certificate of Survey, including that survey information required by the CITY has been supplied to the CITY Building Official; and (c) all the financial guarantees required by the CITY have been satisfied. All foundation approvals will require a certificate of elevation verifying that the actual elevation is in compliance with the approved grading and drainage plan. (d) Permit from the Lower Rum River Watershed Management Organization has been obtained (e) Permit from. Anoka County Soil Conservation District has been obtained (f) this Development Contract has been signed and received by the CITY. A footings and foundation permit for two structures will be released to the DEVELOPERS prior to the Plat being recorded as long as the rest of the requirements of this section are met. No occupancy permit for any lot in the Plat shall be issued until: (a) vehicular access to the lot is provided including the installation of at least one layer of bituminous surfacing; (b) all utilities are in place, operational and accepted by the CITY; (c) for lots that have a slope of less than 2%, a certificate of grading, prepared by a licensed (State of Minnesota), professional land surveyor, must be provided to the CITY documenting that the flattest grade on this lot is 1 % or greater will require certificates of grading; and (d) boulevard sod and landscape tree, or escrow for same, have been provided. Ramsey Town Center 7th Addition Development Contract Page 14 of 20 Pages 11t117807v58xa716 8118105