402 ROCKEFELLER AVE 2022-05-11 - Laserfiche WebLink

g. The Property has (or will soon have) a backwater valve in tlie sewer line serving the PropeRy (the "Backwater Va/ve"). C, The Owner and the City desire to cnter into this Agreement to clarify their respective roles regarding the Backwater Valve. AGRF.EMENT Por good and valuable consideration, the receipt and sui'ficiency of which are hcreby acknowledged, the City and Owner agree as follo�vs: A. Maintenance of Backwater Valvc. The Owner is exclusively responsible for the maintenance of ilie Backwater Valve. Future owners oPthe Propedy assume the responsibility for maintaining the Back�vater Valvc when they lake ownership of the Property. The Owner, on behalf of ilself and on behalf of all fuwrc owners of the Property, releases the City from all claims and liabilities arising from or relating to any failure to maintain the Backwater Valve by the Owner or by any future owner of the Property. Upon the Owner's request, the City will provide thc Owner with educational brochures and other materials iegarding Backwater Valve maintenance. B. Citv Rieht to Insacct. The Owner hereby grants perniission 1'or the City to enter upon the Properiy from time to time to inspect the Backwater Valve and the Property's otlier plumbing and drainage systems. This permission remains in effect for as long as Qie Backwater Valve remains installed. The City may, but has no obligation to, perform maintenance on tUe I3ackwater Valve during these inspections. C. Othcr. The O�u�ier consenGs to recording of diis Agreement. This Agreement mns ��th the land and binds all of the Owner's successors-in-interest. This Agreement and tl�e Lispection and Backwater Valve Agreement signed by the O�vner w��d the City contain the entirc agreement between the City and thc Owner relatiog to the Back�vater Valve. No amendment or termination of tl�is Agreement is ef%ctivP unless it is in writing a�id signed by tlie Owner and by the Mayor of the City.