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14. Certificate of Qccupancy. The term "Certificate of Occupancy" as used in this <br />Agreement shall be defined as a document issued by the City's Building Official which <br />authorizes the structure to be used for its intended purposes. <br />15. Invalidity of Any Section. If any portion, section, subsection, sentence, clause, <br />paragraph or phase of this Agreement is for any reason held to be invalid by a court of <br />competent jurisdiction, such decision shall not effect or void any of the other provisions <br />of this Agreement. <br />16. Proof of Authority. When the DEVELOPER is a corporation, the CITY <br />requires proof of authority by the corporation to execute this Agreement. This proof of <br />authority could be satisfied by providing the CITY with a certified copy of minutes of the <br />corporate Board of Directors granting such authority. <br />17. Recording of This Agreement. The DEVELOPER agrees that this <br />Development Agreement shall be recorded in the office of the Anoka County Recorder <br />and agrees that the terms and provisions of this Agreement shall run with the land and <br />shall bind the DEVELOPER, his/her successors and assigns. <br />18. Violation of This Agreement. If the DEVELOPER fails to perform any of the <br />terms of this Agreement in the manner required by the CITY, the CITY shall be entitled <br />to recover, from the DEVELOPER or the issuer of DEVELOPER'S financial <br />guarantee, the full amount of any and all financial guarantees. Breach of any of the terms <br />of this Development Agreement by the DEVELOPER shall also be grounds for denial of <br />Building Permits for buildings in the Plat. <br />IN WITNESS THEREOF, the parties have hereunto set their hands and seals, this <br />ft,day of NdvEr'bcR_. ,1997. <br />PRO SPORTING GOODS, INC. <br />BY: <br />Mathias A. Kuker <br />As: President <br />STATE OF MINNESOTA ) <br />) ss <br />COUNTY OF <br />The foregoing instrument was acknowledge before me this c - day of <br />jx.n 997, by Mathias A. Kuker, the President of Pro Sporting Goods, <br />Inc., a innesota Corporation, on behalf of the corporatio, <br />PATRICIA A. DOCK <br />NOTARY PUBLIC • IMMIEWTA <br />My Comm. Exp. Jan. $1, MO <br />Notary Public <br />