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<br /> � ���K 'S i 8 P��� 89�
<br /> NOW, THEREFORE, in consideration of the sums of money to be paid by City for
<br /> restoration of the exterior facade of the building on the property,the beautification and
<br /> preservation of the property and the covenants made by Owner herein, the parties agree:
<br /> 1. City shall, at its expense, using funds derived only from the Community
<br /> Development Block Grant Program, pay for the exterior renovation work to the building on the
<br />' property, at the times and in the manner described in "Exhibit A", attached hereto and made a . �
<br /> part hereo£ The City's liability hereunder for all such renovation work, including all
<br />, professional fees, shall not exceed Twenty One Thousand, Seven Hundred Seventy One Dollars
<br /> & 20/100 Cents ($21,771.20).
<br /> 2. Owner shall perform the renovation work to the building described in "Exhibit
<br /> A" .
<br /> 3. On the date of completion of the exterior facade renovation work described in
<br /> paragraph 1 above and for twenty (20)years thereafter, Owner shall not make any alterations,
<br /> repairs, improvements or additions to, nor shall he remove any portion of, the exterior facade of
<br /> the building on the property, including signs, lighting and other implements attached thereto,
<br /> which would alter the visual appearance of the exterior facade of the building on the property.
<br /> 4. Owner will retain the exterior facade of the building on the property for twenty
<br /> (20) year period referred to in paragraph 3 above, in the design and character achieved after
<br /> completion of the work described in paragraph 1 above, maintaining the same at his expense in a •
<br /> good state of repair, subject to the terms of paragraph 3 above. .
<br /> 5. The term "exterior facade" means all outside architectural and construction
<br /> features visible from ar�y point on the street, including, but not limited to, structural materials, �.
<br /> facing materials, signs, windows, doors,trims, sills, steps, railings, cornices, molding, paint ..
<br /> colors and other decorative features. .
<br /> 6. Owner shall obtain at his/her expense, and shall provide proof to the City of, "all
<br /> risks" type property insurance coverage on said building, naming the City as an additional
<br /> insured on said policy.
<br /> 7. The covenants and conditions of this agreement are covenants running with the
<br /> land an insure to the benefit of City, its successors and assigns, and are binding upon the heirs,
<br /> personal representatives, successors, grantees and assigns of Owner.
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