RecDoc 2012-190660 - Laserfiche WebLink

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12l03/20 1. Effective Date and Terrn of Contract. The term of this Contract shall commence on (the "effective date"), and shail expire ten years thereafter, to wit, on . Thereafter, each year upon the anniversary of the effective date, the initial term will automaticaliy be extended as provided in paragraph 2. 2. Renewai. Each year on the anniversary of the effective date of this Contract {hereinafter refened to as the °renewal date"), a year shall au#omatically be added to the initial term of this Contract unless sooner terminated in accordance with the provisions herein. 3. Natice of Nonrenewal. a) If either Owner or City desires in any year not to renew the Contract, that party shall serve written notice of nonrenewa! of the Contract on the othe� 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 �wner at leas# sixty (60) days prior to the annual renewal date, one (1)year shall be automatically 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 o#the notice of nonrenewal. City may, at any time p�ior 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 effeet 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 Pronertv. During the term of this Contract, the Historic Property shall be subject to the following canditions, 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 #or 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 Chapfer 40 af the Code of the City of Redwood City and with the Secretary of the Inte�ior's Rehabilitation Standards set forth in Exhibit "D," and incorporated herein by this reference. b) Owner shall, where necessary, restore and rehabilitate the properly according to the rules and �egulatio�s vf the Office of the Historic Preservation of the State Department of Parks and Recreation and in accordance with the ATfYlAGR/2012.184lFOX THEATRE MILLS ACT CONTRRCT REV:11-15-12 VR Page 2 of 10 RESO.#15235 MUFF#612