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7 . The covenants and conditions of this agreement are <br /> covenants running with the land and inure to the benefit of City, <br /> its successors and assigns, and are binding upon the heirs, per- <br /> sonal representatives, successors, grantees and assigns of Owner. <br /> 8 . The Owner must have the renovation work for which he is <br /> responsible under the terms hereof contracted for with capable <br /> and competent contractors by the , <br /> 1994, or the agreement shall be null and void and the City will <br /> not be responsible for any renovation work whatsoever. <br /> IN WITNESS WHEREOF, the parties hereto have executed and <br /> delivered this Agreement the day and year first above written. <br /> OWNER: <br /> CITY OF DECATUR, ILLINOIS <br /> BY: <br /> Director of Community Development <br /> ATTEST: <br /> City Clerk <br />