AgdaPkt 2012-12-03 - Laserfiche WebLink

Browse Search

6.2.D. - Page 17 1. Effective Date and Term of Confract. The term of this Cor�tract shall cammence an (the "effecti�e date"), and shalE expire ten years �hereafter, to wit, on Thereaft�r, each year �pon the anni�ersary ofi the effective date, the initial term wil! automatically be extended as provided in paragraph 2. 2. Renewal. Each year on the anniversary o# the effecti�e date of this Contract (hereinafter referred fa as the "renewal date"), a year shalE autamaticafly be added to the initial term of this Contract unEess sooner term�natec� in accordanca with the pravisions herein. 3. Notice of Nonrenewal. a) If either �wner or CEty desires in any year not to renew the Con�ract, that party shall serve written notice of nonrenewal of the Contract on ti�e other party in ad�ance of the annual renewa! date of the Cor�tract. Unless such notice is served by Owner to City at least ninety (90) days prior to the annual r�newaf 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 City, Owner may make a written protest of �he notice of nonrenewaL City may, at ar�y time prior to the renewal, withdraw the notice of nonrenewal. c) If either City or Qwner serves notice of intent in ar�y year nat to renew tf►e Contract, #he existing Contract shall remain in effect for �he balance of the periad remaining since the arigir�a! execution or the last renewal of the Contract, as the case may be. 4. Standards for Historical Property. 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 Praperty. Attached hereta, marked as Exhibit "B," and incorparated herein t�y tt�fs reference, is a list of those minimum standards and con�itior�s for mainienanee, use and preservation of the Historic Property, which shal! apply to such property throughout the term of this Contract. Owner shafl also comply with the requirements set forth in Cha�ter 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 incorporafed herein by t�is reference. b) Owner shall, where necessary, restore and rehabilitate the property according to the rules and reguiations of the Office of the Historic Preservation of the State Department of Parks and Recreation and in accordance with the ATTYIAGR/2012.18517251728 BREWSTER M1LLS ACT CONTRACT REV: 11-15-12 VR Page 2 of 10