1401 HOYT AVE 2016-01-01 MF Import

i i �� , B. 'llie Propedy has(or will soon have)a backwater valve in the sewcr line serving the Property(the"73nckwaler Valve"). C. The Owner nnd thc City desire to enter into this Agecment to clarif'y their respective roles regardinb the IIackwater Valve. AGREEMENT For good and valuable considemtion,ihe recei�t an�!su(Ticiency of wlzicli arc hcrcby ncknowledged,thc City and Ovmer agree as folio�.vs: A. Mnintenancc of Backwater Valve. The Owner is exclusivcly responsible for the maintenance oC the Bacl.�watcr Valve. f uture owners of the Property assume Qie responsibility for maintaining the Backwater Valve when they take ownership of thc Property. The Owner,on behalf of itselPand on behalf of all fuWre owners of the Property,telea;es the City Crom all claims and liabilitics arising from or rclating lo any failurc to:nuintain thc Backwater Valve by U�e Owner or Uy any future owner of the Property. Upon the Owner's request,the City will provide the Owner with educational bmchures:uid othcr mnterials regarding Backwater Valve maintenance. 13. Ci Iti �ht to Inspect. Thc Owncn c�rcby grants permission for the City to entcr upan the Property from time to time to inspect Aie Backwatcr Valve and llie Property's othcr plumbing:tnd drainage systems. Tlus pennission rcmains in effect for as long as the Backwatcr Valvc remains installed. The City 7iay,but has no obligation to, pzrforni mtintenance on the 13ack�vater Valve during these inspecti�ns. C. OtLer. The Owmer conscnts to recording of this AgrecmenL This Agrecment runs �vitli the land and binds all of the Owncr's successors-imioterest. This Agrccmcnf and tl�c Inspcclion and Backwatcr Valve Agrecmcnt signed by the Owner a��d the City contain ihe cntirc agreement betwecn the City and thc Owner relating to thc Backwater Valvc. No:unendment or termination of this Agrecment is efFective unlcss it is in writing and signcd by tliE O�vner and by the Mayor of lhe City. 2 d