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. • , � . � <br /> , . , <br /> - . � �OOK }B�. �PA6E 8 9 2 <br /> WHEREAS, City has agreed to provide funds for renovation work to the exterior facade <br /> of the building as described in "Exhibit A" hereto,within the financial limitations set out herein, <br /> and Owner has agreed to perform the renovation work to the building as described in "Exhibits <br /> A" hereto. <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 "E�ibit A", attached hereto and made a <br /> part hereof. The City's liability hereunder for all such renovation work, including all <br /> professional fees, shall not exceed Fourteen Thousand Nine Hundred Seventy-Four pollars and <br /> Forty Cents ($14,974.40). <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)yeazs 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)yeaz 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 any 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 />