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Fe6-22-2002 02:2Bpm From-CITY OF ORONO +9522494616 T-743 P.003/005 F-462 2. Zssuance of�3ui�din� Permit for Propeny Yrnnrovements-. The City agrees to issue a building perrnit for the Property Impxovements at this tiine, su�ject to conformance with all current City standards and ordinances for all applicable work. 3. Septic System T]p�rade; Yn accordance with the ordir�ances and requirements of the Ciry, the Properry Owner hereby agrees to complete the requ9red replacement of the septic system no later than August 31, ?002 (the "Completion Date'''�. 4. Sentic Svstem Up�;rade Installation: The design loc ation, construction, installation and materials for septic system upgrade shall F�e in accordaYice with the plans and specifications approved by the City. 5. Performance Deposir For the purposes of assuring to tfie City that the Septic Improvements will be completed accordin� to the tenns of this �x�reeinent, the Property Owner has deposited with the City at the time of tl�e execution of tliis agreement a certified check satisfactory to the City providing that the c'�ity is able t�h cash the check in its sole discretion to complete the Septic Tmprovements if tlie property (ivcmer fails to satisfactorily complete the work prior to the Completion Date. City shall retticn the check to Properry Owner upon final i��pection appro�val of the Septic Improvements. 6. Bindin E�ffect: The terms a.nd provisioiis hereof sh�u11. be binding upon and inure to the beneft of the heirs, representatives, succt�ssors and a:signs of tlie parties hereto and shall be binding deemed covenants running with thc land. �Zeferences herein to Properry Owner, if ch�re be more than one, shrzll mean �ach and all of them. This agreement shall be executed by the Property Owner and Cit� and shall be placed of record so as to �ive notice hereof to subsequent purchasers and encumbrancers oc`' all or any part of the property, and all recording fees, if any, shall be paid b;y the Propen.;y Owner. 7. Notices: Wllenever in tlus agreement, it shall be �equired or permitted that notice or demand be given or served b� either party to tlus a�r�:ement to or on the other party, such notice or demand shall be delivered per:�onall� or m.;:►iled by �Jnited States certifed mail (return receipt requested) to the addresses set forch bel��w. Such notice or demand shall be deemed timel}� given when delivered pers<�na11y or when deposited in the mail in accordance �vith the above. N'�tice to City Notice,tc� Propertv Owner Cit� of Orono . CJ ti Jl� ClerklAdministrator /�,�,,��,�-, /� ,,/ � P.O. Box 66 �� 1�1''�"/'l- V'�.GC -S' Crystal Ba�, MN 55323 � n � � � Inivals of Property Owner��o;L� Tnitials of City Clerk Pa�;e 2 of 4