Res12 15235 - Laserfiche WebLink

Browse Search

12/03/20 1. Effective Date and Term of Contract. The term of this Contract shali commence on (the "eifective date"), and shall expire ten years thereafter, to wit, on . Thereafter, each year upon the anniversary of the effective date, the initial term will automatically be extended as provided in paragraph 2. 2. Renewal. Each year on the anniversary of the effective date of this Contract (hereinafter referred to as the "renewal date"), a year shall au#omatically be added to the initial term of this Contract unless sooner #erminated in accordance with the provisions herein. 3. Notice of Nonrenewal. a} If either Owner or City desires in any year not to renew the Contract, that party shall serve written notice of nonrenewal of the Contract on the other party in advance of the annuai renewa! date of the Contrac#. Unless such notice is served by Owner to City at least nine#y (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 be automatically added to the term of the Contract. b) Upan receipt by Owner of a notice of nonrenewal from �ity, Owner may make a written protest of the notice of nonrenewal. City may, at any time prior to the renewal, withdraw the notice of nonrenewai, c} 1f either City or Owner serves notice of intent in any year not to renew the Contract, the existing Cantract shall remain in effeet for the balance of the period remaining since the original execution or the last renewal of the Contract, as the case may be. 4. Standards for Historical Property. During the term of #his Contract, the Historic Property shall be subject to the following conditions, requirements and restrictions and Owner agrees to same: a) 4wner shall preserve and maintain the characteristics of historica) significance of the Historic Property. Attached hereto, marked as Exhibit "B," and incorporated herein by fhis reference, is a list of those minimum standards and conditions for maintenance, use and preservation of the Historic Property, which shall apply to sueh property throughout the term of this Contract. Owner shall also comply with the requirements set forth in Chapter 40 af the Code of the City of Redwood City and with the Secretary of the Interior's Rehabilitation Standards set forth in Exhibit "D," and incorporated herein by this reference. b) Owner shall, where necessary, restore and rehabilitate the property according to the rules and regulations of the Office of the Historic Preservation of tne State Department of Parks and Recreation and in accordance with the ATTY(AGW2012.184(FOX THEATRE MILLS ACT CONTRRCT t2EV:11-15-12 VR Page 2 of 10 RESO. # 15235 MUFF#612