R95-136 ACCEPTING THE BID, AUTHORIZING CONTRACT & ADDITIONAL FUNDING

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. . ' � - �OOK �6 Z `�PAGE �� 5 WHEREAS, City has agreed to provide funds for renovation work to the exterior facade of the building as described in "Exhibit A" hereto, within the financial limitations set out herein, and Owner has agreed to perform the renovation work to the building as described in "E�chibits A" hereto. NOW, THEREFORE, in consideration of the sums of money to be paid by City for restoration of the exterior facade of the building on the property, the beautification and preservation of the property and the covenants made by Owner herein, the parties agree: 1. City shall, at its expense, using funds derived only from the Community Development Block Grant Program, pay for the exterior renovation work to the buildin� on the property, at the times and in the manner described in "Exhibit A", attached hereto and made a part hereof. The City's liability hereunder for all such renovation work, including all professional fees, shall not exceed Fifteen Thousand Four Hundred Thirty-Seven Dollars and Sixty Cents ($15,437.60). 2. Owner shall perform the renovation work to the building described in "Exh.ibit A". 3. On the date of completion of the exterior facade renovation work described in paragraph 1 above and for twenty (20) years thereafter, Owner shall not make any alterations, repairs, improvements or additions to, nor shall he remove any portion of, the exterior facade of the building on the property, including signs, lighting and other implements attached thereto, which would alter the visual appearance of the exterior facade of the building on the property. 4. Owner will retain the exterior facade of the building on the property for twenty ��) year per�cd referred to in y�agrayh 3 above, in t�,e d�Sib;'i and c:�:ra�t�:acl��veci aft�r completion of the work described in pazagraph 1 above, maintaining the same at his expense in a good state of repair, subject to the terms of paragraph 3 above. 5. The term "exterior facade" means all outside architectural and c�nstruction features visible from any point on the street, including, but not limited to, structural materials, facing materials, signs, windows, doors, trims, sills, steps, railings, cornices, molding,paint colors and other decorative features.