RecDoc2025-069714 1018 and 1020 Main Street Historic Property Preservation

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received pursuant to Section 3 below or (b) the Contract has been sooner terminated 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 parry shall serve written notice of nonrenewal of the Contract on the other party in advance of the annual Renewal Date of the Contract. Unless such 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 be automatically added to the Term of the Contract pursuant to Section 2 of this Contract. b) Upon receipt by Owner of a notice of nonrenewal from City, Owner may make a written protest of the notice of nonrenewal. City may, at any time prior to the Renewal Date, withdraw the notice of nonrenewal. C) If either City or Owner serves notice of intent in any year not to renew the Contract, the existing Contract shall remain in effect 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 Prop. During the Term of this Contract, the Historic Property shall be subject to the following conditions, requirements and restrictions: a) Owner shall, at Owner's own cost and expense, complete, or cause to be completed, the work or improvements described in the attached Schedule of Improvements, attached hereto as Exhibit "B", according to certain standards and requirements. Such standards and requirements shall include, but not be limited to: City's Minimum Maintenance Standards for Historic Properties, attached hereto as Exhibit "C" (the "City Minimum Standards"); the Secretary of the Interior's Standards for the Treatment of Historic Properties, attached hereto as Exhibit "D" (the "Secretary's Standards"); the rules and regulations of the Office of Historic Preservation of the California Department of Parks and Recreation ("OHP Rules and Regulations"); the State Historical Building Code as determined applicable by City; Chapter 40 of the Redwood City Code; all applicable building safety standards; and the requirements of City's Planning Manager, Historic Resources Advisory Committee, Planning Commission and City Council. All enumerated work or improvements will be completed by December 31 of the year for which such work or improvement is listed in Exhibit "B", provided however that City may, in its sole discretion, extend the deadline for completion of any such work or improvement. The Owner shall secure any and all permits which may be required by City, or any other governmental agency affected by the construction of the work or improvements. Owner accepts responsibility for and shall be responsible for identification of and compliance with all applicable laws pertaining to the construction and installation of the work or improvements described on Exhibit "B" and the contract or contracts pertaining thereto. Owner will not seek to hold nor hold City liable for, and will hold City harmless with respect to, any consequences of any failure by Owner to correctly determine the applicability of any such requirements to any contract into which Owner enters. For the sake of clarity, though the timeline contained in Exhibit "B" only runs through 2035, Owner shall continue to be bound by the requirements of Section 4(b) of this Contract through the entire Term of this Contract, including any renewal terms. b) Owner shall maintain and preserve the Historic Property and its character defining features throughout the Term of this Contract according to certain standards and requirements. Such standards and requirements include the City Minimum Standards; the Secretary's Standards; the OHP Rules and Regulations; the State Historical Building Code as determined applicable by City; Chapter 40 of Redwood City Code; all applicable building safety standards; REV: 10-22-25 VR ATTY/AGR.2025.284/1018 and 1020 Main Street (Page 2 of 12)