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B. The Property l�as(or will soun have)a backwater valve in the <br /> sewer line serving the Property(the"Backwater Valve"). <br /> C. The Owner and the City desire to enter into this Agreement to <br /> clarify their respective roles regazding the Backwater Valve. <br /> AGREEMENT <br /> For good a��d valuable consideration,ihe receipt ancl sufficiency of which are <br /> hereby acknowledged,the City and Owner agree as follows: <br /> A. Maintenance of Backwater VaWe. <br /> The Owner is exclusively responsible for the maintenance of the Backwater <br /> Valve. Future owners of the Property assume the responsibility for maintaining the <br /> Backwater Valve when they take ownership of the Propetty. The Owner,on behalf <br /> of itself and on behalf of all future ownets of the Property,releases the City from all <br /> claims and liabilities arising from or celating to any failure to maintain the <br /> Backwater Valve by the Owner or by any future owner of the Property. Upon the <br /> Owner's request,the City will provide the Owner with educational brochures and <br /> other materials regarding Backwater Valve maintenance. <br /> B. Ci/v Rieht to Insnect. <br /> The Owner hereby grants permission for the City to enter upon the <br /> Property from time to time to inspect the Backwater Valve and the Property's <br /> other plumbing and drainage systems. This permission remains in effect for as <br /> long as the Backwater Valve remains installed. The City may,but has no <br /> obligation to, perform maintenance on the Backwater Valve dwing these <br /> inspections. <br /> C. Other. <br /> The Owner consenis to recording of this Agreement. This Agreement�uns <br /> with the land and binds all of the Owner's successors-in-interest. Tlus Agreement <br /> and the Inspection and Backwater Valve Agreement signed by the Owner and the <br /> City contuin the entire agreement between the City and the Owner relating to the <br /> Backwater Valve. No amendment or termination of this Agreement is effective <br /> unless it is in writing and signed by the Owner and by ilte Mayor of the City. <br /> 2 <br />