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herein, as determined by the CITY, the CITY shall issue a recordable release from <br />development agreement. <br /> <br />29. <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 />thc Full amount of any and all financial guarantees. Breach of any of the terms of this <br />])evelopment 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 />l)cvelopment 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 />US Ill)ME CORPORATION <br />By: <br /> <br />Ils: <br /> <br />STATI.: ()F MINNESOTA ) <br /> ' ) <br />CO[JNT¥ OF ANOKA ) <br /> <br />SS. <br /> <br />Thc l'bregoing was acknowledged before me this ~ day of <br />by the for US Home <br />corporation under the laws of the State of Delaware, on behalf of the corporation, <br /> <br /> ,2005, <br />Corporation, a <br /> <br />Notary Public <br /> <br />CITY OF RAMSEY: <br />CITY ()F RAMSEY: <br /> <br />ATTEST: <br /> <br /> ATTEST: <br /> <br />,;'vl ayor City Clerk <br /> <br />Sunflower Ridge 2'~ Addition <br />Development Agreement <br />Page 7 of 8 <br /> <br /> <br />