PHAM, THIEN PHUONG - Laserfiche WebLink

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EXHIBIT B Buyer shall agree, at its own costs, to submit all necessary plans and obtain any and all permits from the City for the rehabilitation of the Property within thirty (30) days from January 10, 2022 and will complete all work within forty five (45) days from February 10, 2022. The City Manager or their designee may grant additional one (1) month extensions if the Buyer can demonstrate that significant progress, as determined at the City's discretion, is being made towards rehabilitation of the Property. 2. Buyer shall be required to keep the Property secured at all times to prevent unauthorized entry. If Buyer fails to secure the Property, the City shall provide the Buyer with twenty-four (24) hours notice to immediately secure the Property. If Buyer fails to secure the Property within twenty-four (24) hours, the City shall secure the Property (e.g. security guard, board - up, etc.) at Buyer's sole cost and expense. Maintaining the Property secure includes, but is not limited to closing and locking of windows, doors (walk-through, sliding and garage), and any other opening that may allow access to the interior of the property and or structure(s). In the case of broken windows, securing means re -glazing or boarding the window. Buyer may remove boards, as necessary, when Buyer secures all permits and his contractor commences work to rehabilitate the Property. Buyer shall provide the City with a cashier's check in the amount of Ten -Thousand Dollars ($10,000) ("Security") no later than January 10, 2022. If Buyer fails to secure the Property in accordance with paragraph 2 of this Exhibit A, City shall secure the Property by utilizing the finds in Buyer's Security. Any unutilized funds retraining in the Security shall be returned by City to Buyer when Buyer secures all permits and his contractor commences work to rehabilitate the Property. 4. Buyer shall install and maintain a minimum six-foot (6) high chain -link fence adjacent to the property boundaries until the Property is occupied. Buyer may remove fence when it secures all permits and contractor commences work to rehabilitate the Property. The Property shall be posted with the name and 24-hour contact phone number of the local property management company. The posting shall be no less than eighteen (18) inches x twenty-four (24) inches, shall be of a font that is legible from a distance of forty-five (45) feet, and shall contain the following verbiage: "THIS PROPERTY MANAGED BY " and "TO REPORT PROBLEMS OR CONCERNS CALL (name and phone number)." The posting shall be placed on chain -link fence. Once the chain -link fence may be removed, the posting shall be placed in the interior of a window facing the street to the front of the property so it is visible from the street, or secured to the exterior of the building/structure facing the street of the front of the property so it is visible from the street. If no such area exists, the posting shall be on a stake of sufficient size to support the posting, in a location that is visible from the street to the front of the property, and to the extent possible, not readily subject to potential vandalism. Exterior posting must be constructed of, and printed with weather resistant materials. This paragraph 5 shall be null and void once the Buyer occupies the Property. 10