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B. Conditions. <br />6.2 The terms and conditions of this Agreement are binding upon the parties hereto and <br />their successors and assigns. <br />6.3 It is understood and agreed between the parties that the Owner, in performing its <br />obligations hereunder, is acting independently, and the City assumes no responsibility or liability <br />in connection therewith to third parties; and Owner agrees to release, indemnify and hold the <br />City its elected officials, officers, employees and attorneys harmless from any claims, <br />lawsuits, damages, costs or attorney's fees related to this Agreement. It is further understood <br />and agreed among the parties that the City, in performing its obligations hereunder, is acting <br />independently, and the Owner assumes no responsibility or liability in connection therewith to <br />third parties. <br />C. Compliance Provisions <br />6.4 The Owner agrees that the City, its agents and employees, shall have reasonable <br />right of access to any and all records concerning Owner's investment in the Improvements for the <br />purpose of conducting an audit of the Improvements. Any such audit shall be made only after <br />giving the Owner notice at least fourteen (14) days in advance and will be conducted in such a <br />manner as to not unreasonably interfere with Owner's property. Upon request, the Owner will <br />provide the City with a detailed list of all Improvements, including a list of materials used and cost <br />thereof. <br />6.5 The Owner further agrees that the City, its agents and employees, shall have <br />reasonable right of access to the Property to inspect the Improvements in order to insure that the <br />construction of the Improvements are in accordance with this Agreement and all applicable state <br />and local laws and regulations or valid waiver thereof. After completion of the Improvements, the <br />City shall have the right to enter the Property and conduct an inspection of the completed <br />Improvements. <br />D. Initial and Annual Reporting. <br />6.6 The Owner further agrees that it will, within thirty (30) days of completion of each <br />dwelling unit and issuance of a Certificate of Completion by the City, provide the City with a <br />sworn report, written on Owner's letterhead and signed by a designated representative of Owner, <br />which contains the following information: <br />(a) A copy of the printout from the Lamar County Appraisal District showing the <br />market value of the Property prior to the construction of the Improvements; <br />(b) Detailed description of the Improvements,- <br />(c) <br />mprovements;(c) A copy of or identification of plans and specifications of constructed <br />improvements and the location of the same for inspection by City's Building <br />Official; <br />7 <br />