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A) Applicant agrees 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 Applicant shall remove the accessory structures at the <br /> Applicant's expense, or the Applicant shall apply for an extension of this <br /> Agreement. <br /> C) If one of the item A events occurs and the Applicant fails to perform his removal <br /> obligations per item B, the Applicant hereby agrees as follows: <br /> 1. The City may enter upon the property and remove the accessory building. <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. Applicant shall indemnify and hold harmless the City,the City Council, and the agents and <br /> employees of the City from and against all claims, damages, losses or expenses, including <br /> attorney fees,which the City, City Council and agents and employees of the City may suffer <br /> or for which it may be held liable, arising out of or resulting from the assertion against them <br /> of any claims, debts or obligations in consequence of the performance of the terms of this <br /> agreement. <br /> CITY OF ORONO: <br /> By: <br /> Its Mayor <br /> By: <br /> Its City Clerk <br /> 2 <br />