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Recorder and agrees that the terms and provisions of this Agreement shall run with the <br />land and shall bind the DEVELOPER, his/her successors and assigns. Upon request and <br />confirmation of satisfactory completion of all DEVELOPER obligations contained <br />herein, as determined by the CITY, the CITY shall issue a recordable release from <br />development agreement. <br /> <br />Violation of This Agreement. If the DEVELOPER fails to perform any of the terms of <br />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 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 />30. <br /> <br />Agreement Binding on SucceSSors and Assigns. The DEVELOPER agrees that this <br />Development Agreement shall be binding upon its successors and assigns. <br /> <br />IN WITNESS THEREOF, the parties have hereunto set their hands and seals, this <br /> ,2005. <br /> <br />__ day <br /> <br />i'REM I E R COMMERCIAL PARTNERS <br />By: <br /> <br />STATE OF MINNESOTA ) <br /> ) ss <br />C()UNTY OF .) <br /> <br /> '['he tbregoing instrument was acknowledged <br /> , 2005 by , the <br />Commercial Partners, on behalf of the corporation. <br /> <br />before me this <br /> <br /> day of <br />of Premier <br /> <br />Notary Public <br /> <br />Rivenwick Village 2nd Addition <br /> Development Agreement <br /> Page 7 of 8 <br /> <br /> <br />