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6. SUCCESSORS AND ASSIGNS. This Agreement shall be binding upon and <br /> inure to the benefit of the parties and their respective successors and assigns, including without <br /> limitation, any and all future and present owners, tenants, occupants, licensee, mortgagee and <br /> any other parties with any interest in the Property. Should the Developer convey any lot or lots <br /> in the Project to a third party, the City and the owner of that lot or those lots may amend the <br /> Master Plan or other city approvals for development or use of those lots without the approval or <br /> consent of the Developer or other lot owners in the Project. Private agreements between the <br /> owners of lots within the Project for shared service or access and related matters necessary for <br /> the efficient use of the Project shall be the responsibility of the lot owners and shall not bind or <br /> restrict City authority to approve applications from any lot owner in the Project. <br /> 7. LINHTATION OF LIABILITY. Not withstanding in this Agreement to the <br /> contrary, the liability of the Developer shall be limited to its ownership of the Property. Upon <br /> sale or conveyance of any portion of the Property, the transferee shall be liable for all obligations <br /> of the Developer which relates to the portions of the Property so transferred and the transferor <br /> shall be automatically released from any further obligation, liability, right or responsibility in <br /> respect to such transfer. Moreover, nothing herein shall be construed to create a cause of action <br /> on behalf of the City against the Developer with respect to its business operations beyond the <br /> obligations set forth herein relating to the development and maintenance of the Property. <br /> 8. RECORDING OF DOCUMENT. This Agreement shall run with the Property <br /> and shall be recorded in the office of the Ramsey County Recorder or Registrar of Titles with <br /> proof thereof shown to the City prior to the issuance of any permits there under. <br /> 9. GOVERNING LAW. The City and the Developer agree that the laws of the <br /> State of Minnesota shall govern all questions and interpretations concerning the validity and <br /> 1921o1v7 <br />