Agreement/removal/access structures

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NOW, EREFORE, THE PARTIES TO THIS AGREEMENT AGREE TO THE FOLLO ING: 1. Applicants may retain the existing accessory structure(s), subject to the following co ditions: A) Applicants agree to obtain a building permit for construction of the replacement residence within 60 days of demolition;to begin construction on the new residence within 120 days of demolition; and to complete all exterior work within 1 year of building permit issuance and interior work within 2 years of building permit issuance. B) In the event that any activity described in item A has not been accomplished within the defined timeframe, the Applicants shall remove the accessory structures at the Applicants' expense, or the Applicants shall apply for an extension of this Agreement. C) If one of the item A events occurs and the Applicants fail to perform their removal obligations per item B, the Applicants hereby agree as follows: 1. The City may enter upon the property and remove the accessory building(s). 2. The City may assess the costs of removal to the property. 3. This Agreement shall be binding upon current and future owners of Subject Property, and shall be filed within the chain of title of the Subject Property. 4. Fee owners of the Subject Property, if not the Applicants, consent to the execution of this Agreement and to its terms, as shown by their signatures upon this document. 5. 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. 2