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TERM OF AGREEMENT. This Agreement shall commence upon approval of this Agreement by the San Mateo County Superior Court in Case No. 17PR000595 ("EFFECTIVE DATE') and shall be effective until such time the public nuisance has been abated to the satisfaction of CITY's Building Official and Fire Marshal, and all relevant fees and CITY costs associated with the abatement of the nuisance have been paid in full. CONSERVATOR will seek ex parte approval of this Agreement within 5 days of signature by both parties. 2. AUTHORITY TO ACT. CONSERVATOR expressly warrants and guarantees that he is authorized to act on behalf of OWNER, the property owner of 112-120 Vera Avenue, Redwood City, by virtue of his appointment as Conservator and as authorized in the August 16, 2017 court order referenced in paragraph 10 above. 3. ABATEMENT OF IMMEDIATE FIRE HAZARD. CITY confirms that CONSERVATOR has removed all outdoor combustible weeds, vegetation, trash, and debris from the PROPERTY to the satisfaction of the CITY's Building Official and Fire Marshal. 4. COMPLIANCE REQUIREMENTS FOR ABATEMENT. As an alternative to demolition by the CITY, CONSERVATOR must comply with the following deadlines and requirements for proper reconstruction and repair of the buildings on the PROPERTY: a. Within fifteen (15) days of the EFFECTIVE DATE of this Agreement, CONSERVATOR shall obtain the services of a licensed architect to create formal architectural plans for the proper reconstruction and repair of the buildings on the PROPERTY. CONSERVATOR will not demolish the buildings on the PROPERTY without Court approval. b. Within ninety (90) days of the EFFECTIVE DATE of this Agreement, CONSERVATOR shall submit an application for a building permit to the CITY, shall pay to the CITY all required plan check and permit fees, and shall submit to the CITY acceptable formal architectural plans for the proper reconstruction and repair of the buildings on the PROPERTY based on all applicable building and technical codes, including the installation of fire sprinklers if required by the Redwood City Code. C. Within fifteen (15) days of the issuance of any plan check comments from the CITY to CONSERVATOR, CONSERVATOR shall submit revised plans to the CITY responding to the plan check comments. d. CONSERVATOR shall obtain a building permit within 48 hours of notification by the CITY of the approval of the plans. e. At the time of the issuance of the building permit, CONSERVATOR shall have obtained all necessary financing for the proper reconstruction and repair of the buildings on the PROPERTY and shall have contracted with a licensed contractor to perform the proper reconstruction and repair. f. Within one hundred twenty (120) days of the issuance of the building permit by the CITY, CONSERVATOR shall initiate, complete, and obtain final AT TY/AGR/2017.233/COMPLIANCE AGREEMENT -112-120 VERA AVENUE. REV: 10-12-17 RL Page 3 of 7