agreement for removal of access. structure

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,,� � NOW, THEREFORE, THE PARTIES TO THIS AGREEMENT AGREE TO THE FOLLOWING: 1. Applicants may retain the existing Accessory Structure on the Subject Property during the completion of the construction of the Principal Structure, subject to the following conditions: A) Applicants agree to complete the demolition and removal of the Accessory Structure within sixty (60) days of the issuance of the Certificate of Occupancy for the Principal Structure. B) Applicants agree to deposit three thousand and no/100ths Dollars ($3,000.00) with the City which may be used by the City to secure the demolition of the Accessory Structure in the event the Applicants fail to meet the obligation set forth in the subparagraph A above. C) If the Applicants fail to perform the demolition and removal obligation set forth in subparagraph A above, the Applicants hereby agree as follows: 1. The City may enter upon the Subject Property and remove the Accessory Structure; 2. The City may draw down on the $3,000.00 to pay for the demolition and removal of the Accessory Structure and assess any cost exceeding $3,000.00 for the demolition and removal of the Accessory Structure from the Subject Property. 2. Fee owner(s) of the Subject Property, if not the Applicants, consent to the execution of this Agreement and to its terms, as shown by his/her/their/its signature(s) upon this document. 3. Applicants shall indemnify and hold harmless the City, the City Council, and the agents and employees of the City from and against all claims, damages, losses or expenses, including attorney fees, which the City, City Council and agents and employees of the City may suffer or for which it may be held liable, arising out of or resulting from the assertion against them of any claims, debts or obligations in consequence of the performance of the terms of this agreement. 147838 2