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initially functioning as designed. Annual inspection reports (each an "Annual Report") are <br />required each year and shall be made by the Grantor on the written schedule provided to the <br />Grantor in advance by the City. The Annual Report shall describe the condition and functionality <br />of the Stormwater Control BMP Structure, and shall describe any maintenance performed thereon <br />during the preceding year. The Annual Report shall be submitted with the signature and seal of <br />the Grantor's N.C. registered professional engineer conducting the inspection. If necessary, the <br />City will provide a letter describing the maintenance necessary to keep the Stormwater Control <br />BMP Structure and all components and structures functioning as designed and with reasonable <br />timeframes in which to complete the maintenance. If the annual report recommends maintenance <br />actions, the repairs shall be made within a reasonable time as defined by the City. <br />Grantor and Grantee understand, acknowledge and agree that the Inspection and <br />Maintenance Plan describes the specific actions needed to maintain the Stormwater Control BMP <br />Structure. <br />3. Grantor represents and warrants that Grantor is financially responsible for <br />construction, maintenance, repair and replacement of the Stormwater Control BMP Structure, <br />appurtenances and vegetation, including impoundment(s), if any. Grantor agrees to perform or <br />cause to be performed the maintenance as outlined in the Inspection and Maintenance Plan and as <br />provided in the NCDENR Stormwater BMP Manual Grantor and any subsequent transferee of <br />Grantor or succeeding owner of the Properties shall give the City written notice of the transfer of <br />a fee or possessory interest in the Properties listing the transferee's name, address of the <br />Properties, transferee's mailing address and other contact information. Grantor and any <br />subsequent transferee of Grantor or succeeding owner of the Properties shall not be responsible <br />for errors or omissions in the information about the transferee provided to the City caused by acts <br />or omissions of the transferee. The transferee shall give the City written notice of the acceptance <br />and any future transfer of an interest in the Properties listing the transferee's name, address of the <br />Properties; transferee's mailing address and other contact information. Upon the conveyance of <br />the Properties by Grantor to any transferee acquiring the Properties by means of a conveyance <br />document containing the language set forth in paragraph 9 below, Grantor is released from any <br />further covenants or other obligations set forth in this Agreement. <br />4. If Grantor fails to comply with these requirements, or any other obligations imposed <br />herein, in the CDO, the Concord Manual or approved Inspection and Maintenance Plan, the City <br />of Concord may perform such work as Grantor is responsible for and recover the costs thereof <br />from Grantor. <br />5. This Agreement gives the Grantee the following affirmative rights: <br />Grantee, its officers, employees, and agents may enter the Easement Areas whenever reasonably <br />necessary for the purpose of inspecting same to determine compliance herewith, to maintain same <br />and make repairs or replacements to the engineered stormwater control structure and <br />appurtenances and conditions as may be necessary or convenient thereto in the event Grantor <br />defaults in its obligations and to recover from Grantor the cost thereof, and in addition to other <br />rights and remedies available to it, to enforce by proceedings at law or in equity the rights, <br />covenants, duties, and other obligations herein imposed in this Agreement. <br />6. Grantor or Grantee shall neither obstruct nor hinder the passage of vehicular traffic <br />and pedestrians within the paved portion of the access easement granted herein by Grantor to <br />Grantee. <br />Attachment number 1 <br />F -4 Page 65 <br />