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11. <br /> <br />The performance of this agreement shall be financially <br />secured by a cash escrow deposit, certificate of deposit, <br />letter of credit, or performance bond equal to 150% of the <br />estimated construction cost of all required City <br />improvements. <br /> <br />11. <br /> <br />This agreement shall be binding on all heirs, assigns and <br />successors of the applicant. <br /> <br />United Power Association hereby acknowledges receipt of this permit and <br />that they have reviewed the conditions of this permit and have agreed <br />that they will comply with the terms of this agreement. <br /> <br />United Power Association <br />Representative <br /> <br />STATE OF MINNESOTA) <br /> )SS.. <br />COUNTY OF ANOKA ) <br /> <br /> On this day of , 198 , before me a Notary <br />Public, personally appeared to me known to <br />be the person described in and who executed the foregoing instrument <br />and acknowledged that he executed the same as his free act and deed. <br /> <br />CITY OF RAMSEY: <br /> <br />Notary Public <br /> <br />By: By: <br /> Mayor <br /> <br />City Administrator <br /> <br />STATE OF MINNESOTA) <br /> )SS. <br />COUNTY OF ANOKA ) <br /> <br /> On this day of , 1988, before me a Notary <br />Public, personally appeared Gary Reimann, Mayor, and David Hartley, <br />city Administrator, of the City of Ramsey, to me known to be persons <br />in and who executed the foregoing instrument and acknowledged that <br />they executed the same as their free act and deed. <br /> <br />Notary Public <br /> <br /> <br />