RecDoc 2011-155322 - Laserfiche WebLink

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1. Effective Date and Term of Contract. The term of this Contract shall commence on December 12, 2011 (the "effective date"), and shall expire ten years thereafter, to wit, on December 13, 2021. 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 automatically be added to the initial term of this Contract unless 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 party 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 automaticaUy added to the term of the 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, 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 Pro�ertv. During the term of this Contract, the Historic Property shall be subject to the following conditions, requirements and restrictions and Owner agrees to same: a) Owner shall preserve and maintain the characteristics of historical significance of the Historic Property. Attached hereto, marked as Exhibit "B," and incorporated herein by this reference, is a list of those minimum standards and conditions for maintenance, use and preservation of the Historic Property, which shall apply to such property throughout the term of this Contract. Owner shall also comply with the requirements set forth in Chapter 40 of 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 the State Department of Parks and Recreation and in accordance with the attached schedule of home improvements, attached hereto as Exhibit "C and incorporated herein by reference." ATTY/AGR/2011.730/1842 WHIPPLE MILLS ACT CONTRACT Pag¢ 2 of 9 REV: 12/D6/17