AgdaPkt 2012-12-03 - Laserfiche WebLink

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6.2.D. - Page 6 1. Effective Date and Term of Contract. The term of this Contract shall commence on (the "effective date"), and shall expire ten years thereafter, to wit, on Thereafter, 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 soaner t�rminated in accordance with the provisions herein. 3. Notice of Nonrer�ewal. a) If either Owner ar City desires in any year not to renew the Contract, that party shall serve written notice of nonrenewal of t�e Contract on the ather party in advance of the annual renewa! date of the Cor�tract. Unless such notice is ser�ed by Owner to City at least ninety (90) days prior to the annual renewal date, or ser�ed by City ta Owner a# least sixty (60) days prior to the annual renewai date, ane {1} year shall be automaticafly added to the term of the Contract. b) Upan receipt by Owner of a natice of nonrenewal fram City, Owner may make a written protest of the notice of nonrenewal. City may, at any time prior to the ren�wal, withdraw the notice of nanrenewal. c} If either City or Owner serves r�atice 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 origina( execution or the last renewal of the Contract, as the case may be. 4. 5tandards for Historical Pro ert . During the term of this Cor�tract, the Historic Praperty shall be subject to the following conditions, requirements and restrictions and Owner agrees to same: a) Qwner shafl preserve and maintain the characteristics of historical significance of the Historic Property. Attached hereto, marked as Exhibit "B," ar�d ir�corparated herein by this reference, is a list of those minimum standards an� conditians for maintenance, use and pres�rvation of the Historic Praperty, which shafl apply to such praperty througf�out the term of tl�is Contract. 4wner shall also comply with the rec�uirements sef forth in Chapter 40 af the Code of the City af Redwood City and with the Secretary of the Interior's Rehabilitation Standards set forth in Exhibit "D," and incorparated herein by this reference. b) Owner shalf, where necessary, restdr� and rehabilitate the property according to the rules and regufations of the Office of the Historic Preservation af the S#ate Department af Parks an� Recreation and in accordance with tt�e ATTYIAGR12012.1841FOX THEATRE MILLS AGT CONTRAC7' REV: 11-15-12 VR Page 2 of 10