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• <br />Development Contract — Site Grading Only <br />Highland Meadows East 2 "d Addition 11 -22 -2004 <br />X. VALIDITY <br />A. If a portion, section, subsection, sentence, clause, paragraph or phrase in this <br />contract 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 the Development <br />Contract. <br />XI. GENERAL <br />A. Binding Effect <br />1. The terms and provisions hereof shall be binding upon and insure to the <br />benefit of the heirs, representatives, successors and assigns of the parties <br />hereto and shall be binding upon all future owners of all or any part of the <br />Subdivision and shall be deemed covenants running with the land. <br />B. Notices <br />1. Whenever in this agreement it shall be required or permitted that notice or <br />demand be given or served by either party to this agreement to or on the <br />other party, such notice or demand shall be delivered personally or mailed by <br />United States mail to the addresses hereinbefore set forth on Page 1 by <br />certified mail (return receipt requested). Such notice or demand shall be <br />deemed timely given when delivered personally or when deposited in the <br />mail in accordance with the above. The addresses of the parties hereto are as <br />set forth on Page 1 until changed by notice given as above. <br />C. Final Plat Approval <br />1. Prior to Final Plat Approval the Developer shall enter into a comprehensive <br />Development Contract with the City. Such agreement shall provide for <br />submittal of all bonds, security, escrows and documents as required by the <br />City's Public Improvement Financing Policy, conditions of preliminary plat <br />approval, and City Subdivision and Zoning Ordinances. <br />