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NOW, THEREFORE, THE PARTIES TO THIS AGREEMENT AGREE TO THE <br /> FOLLOWING: <br /> 1. Applicants may retain the Single Car Detached Garage, subject to the following conditions: <br /> A) Applicants agree to obtain a building permit for construction of the replacement <br /> residence within 60 days of demolition; to begin construction on the new residence <br /> within 120 days of demolition; and to complete all exterior work within 1 year of <br /> building permit issuance and interior work within 2 years of building permit <br /> issuance. <br /> B) In the event that any activity described in item A has not been accomplished within <br /> the defined timeframe, the Applicants shall remove the Single Car Detached <br /> Garage at the Applicants' expense. <br /> C) If one of the item A events occurs and the Applicants fail to perform their removal <br /> obligations per item B, the Applicants hereby agree as follows: <br /> 1) The City may enter upon the property and remove the Single Car Detached <br /> Garage. <br /> 2) The City may assess the costs of removal to the property. <br /> 3. This Agreement shall be binding upon current and future owners of Subject Property, and <br /> shall be filed within the chain of title of the Subject Property. <br /> 4. Applicants shall indemnify and hold harmless the City, the City Council, and the agents <br /> and employees of the City from and against all claims, damages, losses or expenses, <br /> including attorney fees, which the City,City Council and agents and employees of the City <br /> may suffer or for which it may be held liable, arising out of or resulting from the assertion <br /> against them of any claims, debts or obligations in consequence of the performance of the <br /> terms of this agreement. <br /> 2 /4 <br />