R2002-117 AUTHORIZING AGREEMENT - Laserfiche WebLink

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l. The recitations contained in the preamble hereof are incorporated herein and are I considered part of this agreement. � 2. The CITY will issue a demolition permit for said building to the WII.,LIAMS', or their agent, subject to all usual and customary requirements as mandated by applicable codes and ordinances, including naming the CITY as additional insured on such insurance as is required by the CITY'S Risk Manager, and also subject to sections 3 through 6 hereof. 3. The CITY will issue the demolition permit, as described in section 2 hereof, not later than ninety (90) da.ys after the submitta.l of an application therefor which meets all requirements as outlined herein. 4. The WILLIAMS' agree to submit to the CITY's Planning Division sta.ff an elevation drawi.ng of any new building proposed to be constructed after demolition of the current structure, showing all visible elevations. These elevations shall be drawn by an Architect registered in the State of Illinois and shall indicate exterior features, materials used, and proposed colors. 5. The-design of the new building referred to in Section 4 hereof shall be consistent with the historical nature of the downtown area and shall contain a minimum of two (2) stories. In addition, the elevation shall show, to the greatest degree possible, reuse of architectural features on the facade of the current structure. 6. No permits for construction of any new building shall be approved unless the plans accompanying such permit are consistent with the previously approved elevation drawings. 7. Upon completion of the demolition of said building pursuant to the permit referred to in Section 2 hereof, and after acceptance thereof by the CITY, the CITY shall release the easement referred to herein. 8. The CIT'Y and the WILLIAMS' each release and hold the other party harmless for any costs, damages or causes of action incurred by either party which are caused by the actions of the other party pursuant to and in conformance with the terms of this agreement. � 9. Nothing contained in this agreement shall preciude the CITY from obtaining a court order for demolition, pursuant to 65 ILCS 5/11-31-1 et seq., if the WILLIAMS' do not timely demolish said building, and such order shall render tlus agreement null and void and neither party hereto shall have any rights or obligarions hereunder. 10. The terms and conditions hereof aze a covenant running with the land, and are � binding on the heirs, successors and assigns of the parties hereto for the term hereof.