2005 AGN DEC 06 I14 - Laserfiche WebLink

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TERMS 1. Effective Date and Term of Agreement. This agreement shall be effective and commence on , 200_, ("Effective Date") and shall remain in effect for a term of ten (10) years thereafter. 2. Yearly Renewal. Each year upon the anniversary of the Effective Date ("Renewal Date"), an additional one (1) year shall automatically be added to the remaining term of the, Agreement unless a notice`of nonrenewal is delivered as provided in Section 3 of this Agreement. 3., Nonrenewal: Notice: Effect. If either Owner or City desires in any year not to renew .this Agreement, Owner or City shall serve a written notice of nonrenewal upon the party in advance of the Renewal Date ("Notice of. Nonrenewal"). The Notice of Nonrenewal shall be effective only if served by Owner upon City at least ninety (90) days prior to the Renewal Date, or if served by City upon 'Owner, the Notice of Nonrenewal hall be effective only if: served upon Owner at least sixty (60) days prior to the Renewal Date. If either City or Owner serves a Notice of Nonrenewal in any year, this Agreement shall remain in effect for the balance of the term then remaining. 3.1 Owner Protest of City Nonrenewal. Within fifteen (15) days of Owners receipt of the Notice of Nonrewal'from City, Owner may file with City a written protest of the Notice of Nonrenewal. Upon receipt of the written protest, the City Council shall set a hearing prior to the next Renewal Date. Owner may furnish the City Council with any information, which Owner deems relevant, and shall furnish the City Council with any information it may require. The City Council may, at any time prior to the annual Renewal Date, withdraw its Notice of Nonrenewal. 4. Valuation of Historic Property. During the term of this Agreement, Owner is: entitled to seek assessment of valuation of the Historic Property pursuant to the` provisions of Article 1.9 (commencing with Section ;439) of Chapter 3 o Part 2 of Division 1 of the California Revenue and Taxation Code. 5. Standards for Historic Property. During the term of this Agreement, the Historic :Property shall be subject to the following conditions, requirements, and restrictions; a. Owner shall preserve and maintain the characteristics of cultural and historic significance of the Historic Property. Attached hereto as Exhibit B, and incorporated herein by this reference, is a list of the minimum standards and conditions for maintenance, use, protection, and preservation. of the Historic Property, which shall apply to the Historic Property and be complied with by Owner throughout the term of this Agreement. In addition, Owner shall 2