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7.A. - Page 11 of 40 <br />C) If either City or Owner serves notice of intent in any year not to renew the <br />Contract, the existing Contract shall remain in effect for the balance of the period <br />remaining since the original execution or the last renewal of the Contract, as the case <br />may be. <br />4. Standards for Historical Property. During the term of this Contract, the Historic <br />Property shall be subject to the following conditions, requirements and restrictions: <br />a) Owner shall, at Owner's own cost and expense, complete, or cause to be <br />completed, the work or improvements described in the attached Schedule of <br />Improvements, attached hereto as Exhibit B, according to certain standards and <br />requirements. Such standards and requirements shall include, but not be limited to: <br />City's Minimum Maintenance Standards for Historic Properties, attached hereto as <br />Exhibit C (the "City Minimum Standards"); the Secretary of the Interior's Standards for <br />the Treatment of Historic Properties, attached hereto as Exhibit D (the "Secretary's <br />Standards"); the rules and regulations of the Office of Historic Preservation of the <br />California Department of Parks and Recreation ("OHP Rules and Regulations"); the <br />State Historical Building Code as determined applicable by City; Chapter 40 of the <br />Redwood City Code; all applicable building safety standards; and the requirements of <br />City's Planning Manager, Historic Resources Advisory Committee, Planning Commission <br />and City Council. All enumerated work or improvements will be completed by December <br />31 of the year for which such work or improvement is listed in Exhibit B, provided <br />however that City may, in its sole discretion, extend the deadline for completion of any <br />such work or improvement. The Owner shall secure any and all permits which may be <br />required by City or any other governmental agency affected by the construction of the <br />work or improvements. Owner accepts responsibility for and shall be responsible for <br />identification of and compliance with all applicable laws pertaining to the construction <br />and installation of the work or improvements described on Exhibit B and the contract or <br />REV: 12-09-19 PR <br />ATTY/AGR.2019.309/Friday Trust (Page 3 of 17) <br />372 <br />