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Agreement: 1) to have the Work identified on Exhibit B completed as required by the policies <br />and ordinances of the City; 2) that the Work performed shall be privately contracted by the <br />Owners; 3) that the City shall bear no responsibility for or liability related to the performance of <br />the Work; 4) that Owners shall hold harmless and indemnify the City from any claims related to <br />the performance of the Work; 5) to procure and pay the cost of all permits required for the work; <br />6) to submit evidence to the City that the Work has been inspected and accepted by the City <br />Building Official; 7) that, upon completion and acceptance of the Work, City shall make <br />payment to the Owner's contractor or other parties who performed the Work in an amount not to <br />exceed the Cost of the Work identified on Exhibit B; 8) that payment by the City of the Cost of <br />the Work shall create an unpaid special charge against the Property; 9) that this unpaid special <br />charge shall be specially assessed against the Property by the City pursuant to Minnesota <br />Statutes, Section 429.101; and 10) that the special assessment shall be payable in equal <br />annual installments with interest accruing on unpaid installments at the rate of %. <br />Owners expressly waive the right to a hearing on assessments levied pursuant to this <br />petition; expressly waive objection to any irregularity with regard to the assessment of the <br />Property for the Cost of the Work; expressly agree that the amount assessed is reasonable; <br />expressly waive any claim that the amount assessed is excessive; expressly waive all rights of <br />appeal, including any rights under Chapter 429, Minnesota Statutes, from the assessment by the <br />City of the Cost of the Work; and expressly agree to pay when due all assessments levied for the <br />Cost of the Work. <br />Owners represent and warrant that they are the sole fee Owners of the Property; agree to <br />make payment of all assessments levied pursuant to this Petition, Waiver and Agreement for <br />Payment of the Cost of the Work; agree that they shall be personally liable for payments not <br />made; agree that this Agreement shall be binding on Owners and Owner's successors and <br />assigns; agree that all assessments levied pursuant to this Petition shall be paid in full prior to or <br />at the time of transfer of the Property to a subsequent owner; agree that this Agreement may be <br />recorded against the title to the Property; and agree that any unpaid or outstanding trunk utility <br />assessments already levied against the Property shall remain in effect and will not be rolled into <br />the assessments authorized by this Petition, Waiver and Agreement. <br />Dated this day of , 20 <br />OWNER <br />in <br />Its: <br />