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DocuSign Envelope ID: A5414ED5-93ED-4AAA-A317-1ABE1FC7AFIF <br />1 W4111 H Q71 <br />Buyer shall agree, at its own costs, to submit all necessary plans and obtain any and all <br />permits from the City for the rehabilitation of the Property within thirty (30) days from June <br />1, 2023 and will complete all work within forty five (45) days from July 1, 2023. The City <br />Manager or their designee may grant additional one (1) month extensions if the Buyer can <br />demonstrate that significant progress, as determined at the City's discretion, is being made <br />towards rehabilitation of the Property. <br />2. Buyer shall be required to keep the Property secured at all times to prevent unauthorized <br />entry. If Buyer fails to secure the Property, the City shall provide the Buyer with twenty-four <br />(24) hours notice to immediately secure the Property. If Buyer fails to secure the Property <br />within twenty-four (24) hours, the City shall secure the Property (e.g. security guard, board - <br />up, etc.) at Buyer's sole cost and expense. Maintaining the Property secure includes, but is <br />not limited to closing and locking of windows, doors (walk-through, sliding and garage), and <br />any other opening that may allow access to the interior of the property and or structure(s). In <br />the case of broken windows, securing means re -glazing or boarding the window. <br />3. The Property shall be posted with the name and 24-hour contact phone number of the local <br />property management company. The posting shall be no less than eighteen (18) inches x <br />twenty-four (24) inches, shall be of a font that is legible from a distance of forty-five (45) <br />feet, and shall contain the following verbiage: "THIS PROPERTY MANAGED BY <br />," and "TO REPORT PROBLEMS OR CONCERNS CALL (name and phone <br />number)." The posting shall be placed in the interior of a window facing the street to the <br />front of the property so it is visible from the street, or secured to the exterior of the <br />building/structure facing the street of the front of the property so it is visible from the street. <br />If no such area exists, the posting shall be on a stake of sufficient size to support the posting, <br />in a location that is visible from the street to the front of the property, and to the extent <br />possible, not readily subject to potential vandalism. Exterior posting must be constructed of, <br />and printed with weather resistant materials. This paragraph 3 shall be null and void once the <br />Property is occupied. <br />