septic system upgrade agreement-2007

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permit for the Property Improvements at this time, subject to conformance with all current City standards and ordinances for all applicable work. 3. Septic S_ystem U� r�ade: In accordance with the ardinances and requirements of the City, the Property Owner hereby agrees to complete the required replacement of the septic system no later than September 30, 2007 (the "Completion Date"). . , -_..__ '-Z— �2�(„�zh �....�``�.��.:,t� c `� '>�..-�-t r�.1 . .i � � � �� 4. Septic System Upgrade Installation: The design location,construction,installation and materials � � for septic system upgrade shall be in accordance with the plans and specifications approved by the City. ��'� 5. Performance Deposit r the purposes of assuring to the City t e Septic Improvements will be completed according to terms of this agreement �roperty Owner has deposited with the City at the time of the execu ' of this agr�ecr�ent a certified check satisfactory to the City �.-.�providing that the City is able to cas, �� e check in its sole discretion to complete the Septic Improvements if the Property..Owner fails satisfactorily complete the work prior to the Completion Date. City�hall return the check to Pro wner upon final inspection approval of � � the Septic Imprq�eY�ents. 6. Bindin�Effect: The terms and provisions hereof shall be binding upon and inure to the benefit of the heirs, representatives, successors and assigns of the parties hereto and shall be binding deemed covenants running with the land. References herein to Property Owner,if there be more than one, shall mean each and all of them. This agreement shall be executed by the Property Owner and City and shall be placed of record so as to give notice hereof to subsequent purchasers and encumbrances of all or any part of the property,and all recording fees,if any,shall be paid by the Property Owner. 7. Notices: Whenever in this agreement, it shall be required or permitted that notice or demand be given or served by eitller party to this agreement to or on the other party, such notice or demand shall be delivered personally or mailed by United States certified mail(return receipt requested)to the addresses set forth below. Such notice or demand shall be deemed timely given when delivered personally or when deposited in the mail in accordance with the above. Notice to Citv Notice to Property Owner City of Orono Clerk/Administrator P.O. Box 66 Crystal Bay, MN 55323 8. Disclaimer by Cit� It is understood and agreed that the City,the City Council,and the agents a � Initials of Property Owner- • Page 2 of 4 A