Agenda - Council - 05/13/2003 - Laserfiche WebLink

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-174- 20. Proof of Authority. When the DEVELOPER is a corporation, the CITY requires proof of authority by the corporation to execute this Agreement. This proof of authority could be satisfied by providing the CITY with a certified copy of minutes of the corporate Board of Directors granting such authority. 21. Recording of This Agreement and Plat. The DEVELOPER agrees that this Development Agreement and the Plat shall be recorded in the office of the Anoka County Recorder and agrees that the terms and provisions of this Agreement shall run with the land and shall bind the DEVELOPER, his/her successors and assigns. Upon request and confirmation of satisfactory completion of ail DEVELOPER obligations contained herein, as determined by the CITY, the CITY shall issue a recordable release from development agreement. 22. Violation of This Agreement. If the DEVELOPER. fails to perform any of the terms of this Agreement in the manner required .by the CITY, the CITY shall be entitled to recover, from the DEVELOPER or the issuer of DEVELOPER'S financial guarantee, the full amount of any and all financial guarantees. Breach of any of the terms of this Development Agreement by the DEVELOPER shall also be grounds for denial of Building Permits for buildings in the Plat. IN WITNESS THEREOF, the parties have hereunto set their hands and seals, this __ of ., 2001. day SUNFISH PROPERTIES, LLC By: As: STATE OF MINNESOTA ) )-SS COUNTY OF ) The foregoing instrument was acknowledged .,2001, by , the Properties, LLC, on behalf of the corporation. before me this day of of Sunfish CITY OF RAMSEY: Notary Public ATTEST: I I I I I I i I Ii I I I I I I I I I