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CITY OF COLTON MILLS ACT AGREEMENT HISTORIC PROPERTY PRESERVATION AGREEMENT THIS AGREEMENT is made and entered into this 4th day of April 2000 by and between the CITY OF COLTON, a municipal corporation (hereinafter referred to as the "City") and, Lafayette Fero and Elizabeth T. Fero (hereinafter referred to as the "owner"). WITNESSETH: A. RECITALS WHEREAS, the Califomia Government Code Section 50280, et seq. authorizes cities to enter into contracts with the owners of qualified historical property to provide for the use, maintenance and restoration of such historical property to retain its characteristics as property of historical significance, and WHEREAS, the Owner possesses fee title in and to certain real property, together with associated structures and improvements thereon, commonly known as and generally located at 1249 North Ninth Street, Colton, California, (hereinafter such property shall be referred to as the "Historic Property"). A legal description of the Historic Property is attached hereto, marked as Exhibit "A" and is incorporated herein by this reference; and WHEREAS, on June 21, 1994, the City Council of the City of Colton adopted Resolution No. R-73-94, thereby declaring and designating the Historic Property as a historic landmark no. 42 pursuant to the terms and provisions of Chapter 3, Part 2, Division I of the California Revenue and Taxation Code. B. AGREEMEN NOW, THEREFORE, City and owner, in consideration of the mutual covenants and conditions set forth herein, do hereby agree as follows: 1. EffectLvg pate and Tenn of Aureli A. This Agreement shall be effective and commence on April 4, 2000, and shall remain in affect for a term of ten (10) years thereafter. B. Each year upon the anniversary of the effective date, such initial term will automatically extend as provided in Subsection 2, subsection A, below. 2. Renewal A. Each year on the anniversary of the effective date of this Agreement (hereinafter referred to as the "renewal date"), one (1) year shall automatically add to the initial term of this Agreement unless notice of non -renewal is mailed as provided herein. B. If either Owner or City desires in any year not to renew the Agreement, Owner or City shall serve written notice of non -renewal of the Agreement on the other party in advance of the annual renewal date of the Agreement. Unless the notice is served by Owner to City at least ninety (90) days prior to the annual renewal date, or served by City to Owner at least sixty (60) days prior to the annual renewal date, one (1) year shall automatically be added to the term of the Agreement. Upon receipt by Owner of a notice of non -renewal from City, owner may make a written protest of the notice of non -renewal. With may, at any time prior to the renewal date, withdraw the notice of non -renewal. C. If either City or Owner serves notice to the other of non -renewal In any year, the Agreement shall remain in effect for the balance of the term then remaining,