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expenses,engineering and legal fees. Said expenses shall be paid within fifteen(I 5)days of billing <br /> by the CITY and outstanding billings shall be paid prior to issuance of the building permit. Any <br /> expenses incurred after the release of the building permit shall also be paid within said fifteen(I 5) <br /> day billing period. Failure to pay the CITY's expenses within the fifteen (I5) day billing period <br /> will permit the CITY to draw upon any of the escrows required by this contract for payment. <br /> 24. Reimbursement to the City. The PERMITTEE agrees to reimburse the CITY for all costs <br /> incurred by the CITY in defense or enforcement of this Agreement, or any portion thereof, <br /> including court costs and reasonable engineering and attorney's fees. <br /> 25. Invalidity of Any Section. If any portion, section, subsection, sentence, clause, paragraph or <br /> phrase of this Agreement is for any reason held to be invalid by a court of competent jurisdiction, <br /> such decision shall not affect or void any of the other provisions of this Agreement. <br /> 26. Proof of Authority. when the PERMITTEE is a corporation, the CITY requires proof of <br /> authority by the corporation to execute this Agreement. This proof of authority may be satisfied <br /> by providing the CITY with a certified copy of minutes of the corporate Board of Directors granting <br /> such authority. <br /> 27. Violation of This Permit. If the PERMITTEE 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 the <br /> PERMITTEE or the issuer of PERMITTEE financial guarantee, the full amount of any and all <br /> financial guarantees. Breach of any of the terms of this Agreement by the PERMITTEE shall <br /> also be grounds for denial of Building Permit or issuance of Certificate of occupancy. <br /> 28. Certificate of occupancy. The term"Certificate of occupancy"as used in this Agreement shall <br /> be defined as a document issued by the CITY's Building official, which authorizes the structure <br /> to be used for its intended purposes. <br /> 29. Agreement Binding on Successors and Assigns. The PERMITTEE agrees that this Agreement <br /> shall be binding upon its successors and assigns. <br /> 30. Notices. Required notices shall be in writing, and shall be either hand delivered to the Parties, its <br /> employees or agents, or mailed to them by certified or registered mail at the following address: <br /> To PERMITTEE: <br /> Ramsey Properties, LLC <br /> Attn.- Emily Allegra <br /> 8445 Bunker Lake Boulevard NW <br /> Ramsey,MN 55303 <br /> To THE CITY: <br /> City of Ramsey <br /> Attn: Community Development Director . <br /> 7550 Sunwood Drive NW <br /> Ramsey,MN 55303 <br /> [The rest of this page left intentionally blank] <br /> Ramsey Properties,LLCIHome2Suites <br /> Development Agreement <br /> Page 6 of 8 <br />