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being properly executed and recorded; and <br />NOW THEREFORE, in consideration of the foregoing facts and circumstances, and for <br />other good and valuable consideration, the receipt and sufficiency of which are hereby <br />acknowledged, the parties hereto agree as follows: <br />1. Construction of the Storm Water Management Practices. The Developer shall <br />construct the Storm Water Management Practices according to the Plans. <br />2. Maintenance of the Storm Water Management Practices. The owners from time to <br />time of fee title to the various parcels included in the Property (collectively, the —'_`Owners"_') shall <br />repair and maintain the Storm Water Management Practices at no expense to the City. The Owners, <br />by duly recorded agreement, may allocate between or among themselves their respective shares of <br />the costs of such repair and maintenance, based on the relative benefits received by each parcel <br />included in the Prope lty or otherwise, but until otherwise provided in any such agreement the <br />Owner of Lot 1 shall be solely responsible for such repair and maintenance and the costs thereof. <br />Maintenance of the Storm Water Management Practices shall include, but not be limited to: <br />a_ (i) Semi-annual inspections of all sump manholes and pond outfalls (flared <br />end sections), with one in each spring (to remove debris, winter salt and sand deposits, etc.), <br />and autumn (to. remove vegetation, sediment, debris, leaves, etc.). If necessary, corrective <br />actions, including removal of all litter and debris, and replacement of mulch, vegetation, and <br />eroded areas to ensure establishment of healthy functioning plant -life therein, shall be <br />executed. Such inspections and corrective actions shall be documented in a maintenance log <br />retained by the Owners and submitted to the City upon request; and <br />b (ii) Bi annual inspections and certifications by a professional engineer <br />(provided by the Owners) that the Storm Water Management Practices are functioning in <br />accordance with the Plans, and the ponding facilities have maintained the proper operation <br />of storm water treatment in accordance with City and Lower Rum River Watershed <br />Management Organization standards. Copies of the bi-annual inspection reports shall be <br />provided to the City within 30 days of their preparation. <br />If, as a result of any inspection by the Owners or City staff, it is determined that the Storm <br />Water Management Practices (i) have not been maintained, or (ii) are not functioning as originally <br />designed and intended, or (iii) are in need of repair, the Owners shall restore the Storm Water <br />Management Practices so that they function as they were originally designed and intended pursuant <br />to the Plans. <br />The Developer, for itself and the Owners from time to time, agrees to be solely responsible <br />for the repair and maintenance of the Storm Water Management Practices and the Owners shall bear <br />all costs of such maintenance. The Owners from time to time shall be responsible for the <br />obligations of the Developer under this Agreement, and each such Owner shall be responsible for <br />its proportionate share of the obligations of the Developer under this Agreement only while it is an <br />Owner. If the Owners do not undeltake the necessary maintenance within thirty (30) days of <br />notification by the City, the City may contract such maintenance, and the costs reasonably incurred <br />by the City for contracting such maintenance shall be reimbursed to the City by the Owners whose <br />parcels in the Property are entitled to the benefits of the Storm Water Management Practices. <br />2-Assessment. The Developer, for itself and the Owners from time to time, hereby <br />waives any statutory right to contest any assessment by the City for its costs of maintenance/repair <br />