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a„ • III <br /> 1t4 <br /> :;',.47 . <br /> 1 Q <br /> 110 (1) year commencing July 1, 1960, and terminating Jam 30, 1961; <br /> I provided, h _ v+t r, that this agreement and all Obligations b <br /> AA p may be extended f additional periods of one (1) fiscal <br /> L <br /> 1 W <br /> year, can and after June 30, 1963. in accordance with the following <br /> ' procedure; <br /> ,y <br /> n,4 ( ) the event either party dasir s to r this <br /> agreenent for any succeeding fiscal year, it Shall notify <br /> A <br /> J�� <br /> r the other party in writing of its offer so to renew and <br /> notice must received other ray yM on or <br /> y� <br /> 1 iM s no �i c mu t 4 e i v by o e'�,if party on o&. <br /> n i x ' <br /> 4t befere fifteen (15) days next preceding the fiseal year <br /> for which it is dseirad to extend this agreement. <br /> ,A <br /> ,b) In the eft either party, upon receipt of sedh <br /> notes, shall fail to act with respect to such notice i s <br /> to the end of the fiscal year within whiCh such notice has <br /> tliti been reeeived, this agreement shall to rrdnate and be at an <br /> ` ea at the conclusion o such fiscal your. <br /> ,, 3 vii of any acceptance of offer to so renew <br /> zs ` such Shall by resolution the of t Council of the <br /> 3 y <br /> City Of Redwood City insofar as the City of Redwood City is <br /> J {; concerned, by resolution of the City : of <br /> i fa r is concerned. <br /> i Commerce xi � 4. It in �- stood and agreed the Chamber will place <br /> a <br /> 4 l .,. awls on development of new industry and commerce in <br /> �y'y`kj ��gy <br /> 1e; ;; t Mi l� of City. <br /> ,. <br /> , ; X S$ WIIMMS0t, the parties Ito have executed this <br /> t the day and year first bereinebove written. <br /> i <br /> CITY a " <br /> { <br /> AP <br /> ....pi <br /> : ty Manager <br /> $4 <br /> 'i.41,1 ' n : 1100 , 00110 4t. <br /> CITY CMAMMMIR or <br /> '4 j'1p°9: <br /> K <br />