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SECTION 1?: PERFORMAN(*LFINAN('IAI. A.' St.'RAN('F I'hc Civ, mi recjilcst the Propert% 0"ner N) pro%idc a bond, ""ecurit" or other - f r are financial assurance pro�.Idill" [fie mairitcria nce M" - , -tild I-f% contl%()ls Of ) mirskian! to the ordirancc,,), &)31idclires, cri"crin or (firectiou SECTION 13: TRANSFER OF PROPERTY This Agreement shall run with the title to the land. File Property Owner further agrees Z_ whenever the Property is held, sold, conveyed or otherwise trans ferrLd, it shall he subject to this Agreement which shall apply to, bind and be Obligatory to all present and subsequent owners of the Property. SECTION 14: SFVFRABILFIFY The provisions of this Agreement shall be severable and if any phrase, clause, section, Subsection, paragraph, subdivision, sentence or provision is adjudged invalid or unconstitutional by a Court of competent,jurisdiction,or the applicability to any, Property Owner is field invalid, this shall not affect or invalidate the remainder of any phrase, clause, section, subsection, paragraph, Subdivision, sentence or provision of'this Agreement. SECTION IS: RECORDATION -this Agreement shall be recorded by the Properov, Owner,or b,, the City by mutual agreement, within 15 days after the execution date of this Agreement as,stated above among the deed records of the County Recorder's Office ol*the Counry,of Alameda,California at the Property Owner's expense. SECTION 16: RELEASE OF AGREEMENT In the event that the City determines that the storulwater treatment measures and/or Ilim controls (if any) located on the Property are no longer required, then the City, at the request Of the Property 0\&ncr shall execute a release of this Inspection and Maintenance Agreement, which the Property Owner, or the City by mutual agreement, shall record in the County Recorder's Office at the Property Owner's expense. Tile storrivNater treatment measure(s) and/Or HM controls (if any.) shall not be removed from the Property unless such a release is so executed and recorded. SECTION 17; EFFECTIVE DATE AND MODIFICATION I his Agreement is i:j'JcCtiVQ upon the date of execution as stated at the he-innim,, or this Agreement, This Agreement shall not be modified except by written InStrUM0111 executed by the City and the Pmperty -Owner at the tine of modification. Such modifications shall be effecriVe upon the date of execution and shat I be recorded.