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20. 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 />21. 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 />22. 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 />23. Agreement Binding on Successors and Assigns. The PERMITTEE agrees that this Agreement <br />shall be binding upon its successors and assigns. <br />24. 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 />CC1 Holdings 2, LLC <br />Attn: Josh Clark <br />14346 191' Avenue NW <br />Elk River, MN 55330 <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 />CCI Holdings 2, LLC <br />Development Agreement <br />Page 5 of 7 <br />