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B. The Property t�as(or will soon have)a backwater valve in the <br /> sewer line serving the Properiy(the"Backwaler Valve'�. <br /> C. The Owner and the City desire to cnter into this Agreemcnt tn <br /> clarify their respective roles re�arding the Backwater Vaive. <br /> AGREEDI�NT <br /> For good and valuable consideration,the receipt and sufficiency of which are <br /> hereby acknowledged,the City nnd Owner agree as follows: <br /> A. Matntenance of Backwater Valve. <br /> The Owner is exclusivcly responsible for ihe maintenance of the Backwater <br /> Valve. Future ownera o£the Properiy cusume the responsibility for maintaming the <br /> Backwater Valve when lhey take ownecship of the Property. The Owner,on bchalf <br /> �f itself and on behalf of all future owneis of ihe Property,releases the City&om all <br /> - claims and liabilities arising from or relating to any failure to maintair,the <br /> uBackwater Valve by the Owner or by any future owner of the Property. Upon the <br /> Owner's request,U�e City will provide the Owner with educational brochures and <br /> other materials regazding Backwater Valve maintenance. <br /> B. Citv Rieht to Insnect• <br /> The Owner hereby granu permission for the City to enter upon the <br /> Property from time to time to inspect tSe Backwater Valve and the Properiy's <br /> othcr plumbing and drainnge syslems. This perntission remains in effect for as <br /> long as the Backwater Valve remains inslalled. The City may,but has no <br /> obligation to,perform maintenance orz the Backwater Valve dwing these <br /> inspections. <br /> C. Other. <br /> The Owner consents to mcording of ihis Agte�;menL This Agrecment n�c <br /> with the land and binds all of the Owner's successors-in-interest. This Agreement <br /> and the Inspection and Backwatcr Valve Agreement signed by the Owner and thc <br /> City contain the entire agreement beriveen the Ciry and the Owner relating to lhe <br /> Backwater Valve. No amendment or temunahon of this Agreement is eft'ective <br /> unless it is in wriUng and signed by the Owner and by the Mayor of the City. <br /> 2 <br />