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Page 14 PART IV GENERAL PROVISIONS 1, INITIAL TERM: EXTENSION. (i) Initial Term. The initial term of this Agreement shall commence upon the reference date first hereinabove written and continue in effect as long as both Parcels are used for community serving facilities, but in any event the term of the Agreement shall be no longer than thirty (30) years from the date first hereinabove written, (ii) Extension. Provided the Library space is not needed by the County for a County facility or for a County-related facility, City may, at City's option, notify County in writing at any time during the twenty-sixth (26th) year of the initial term to propose a renewal of the Agreement and extension of the term, not to exceed an additional thirty (30) years. Upon receipt of said proposal, the parties shall meet and confer regarding the terms and conditions of such renewal and extension; provided, that nothing herein contained shall be deemed to preclude the parties from agreeing upon the same terms and conditions herein contained, excluding, however, the provision of Part III, Paragraph 5 (Reimbursement for Cost of Remodeling) and Part III, Paragraph 6 (Increased Contribution to City by County for Operation of Library), Such revised terms and conditions shall be set forth in an amendment or supplement hereto, which shall be approved and executed in the same manner as this Agreement. (iii) Contingent Right of First Refusal. In the event that the parties are unable to agree upon the terms and conditions of a renewal and extension of the Agreement pursuant to (ii) above, and the further event that County agrees with Another Party (hereinafter defined) to lease, license, or otherwise provide for the possession of the Library space from and after the expiration of the initial term, City shall have the right and option to agree to the same terms and conditions and, upon exercising said option, City and County shall enter into an agreement hereto incorporating said terms and conditions, and thereupon City shall remain in possession of said Library pursuant to said agreement, supplement or amendment. "Another Party" shall include any person, corporation, partnership, association, or other entity not a party hereto. An entity which provides County-related services under contract with County is considered, for the purpose of this agreement, to be a unit of the County rather than "Another Party." Rwe HSA/Library Agreement - Part IV "_.~...,......