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35. Violation of This Agreement. If the DEVELOPER fails to perform any of the terms of this <br /> Agreement in the manner required by the CITY, the CITY shall be entitled to recover, from <br /> thc DEVELOPER or the issuer of DEVELOPER'S fmancial guarantee, the full amount of <br /> any and all financial guarantees. Breach of any of the terms of this Development Agreement <br /> by the DEVELOPER shall also be grounds for denial of Building Permits for buildings in <br /> the Plat. <br /> <br />36. 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 />day of ,2006. <br /> <br />OAKWOOD LAND DEVELOPMENT, INC. <br /> <br />By: <br /> <br />Its: <br />STATE OF MINNESOTA ) <br />COUNTY OF ANOKA ) <br /> <br />The fora_going was acknowledged before me this ~ day of ,2006, <br />by the of Oakwood Land Development, Inc., a <br />corporation under the laws of the State of Minnesota, on behalf of the corporation, <br /> <br />Notary Public <br /> <br />CITY OF RAMSEY: <br /> <br />ATTEST: <br /> <br />By: By: <br />Its: Mayor Its: City Clerk <br /> <br />Meadow Subdivision <br />Development Agreement <br />Page 12 of 13 <br /> <br />-315- <br /> <br /> <br />