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MULSACTAGREEMENT
<br />1915 North Flower Street
<br />Santa Ana, CA 92706
<br />E. Owner and City intend to carry out the purposes of California Government Code,
<br />Chapter .1, Part 5 of Division 1 of Title 5, Article 12, Section 50280 et seq., which
<br />will enable the Historic Property to qualify for an assessment of valuation as a
<br />restricted historical property pursuant to Article 1.9, Sec. 439 et seq., Chapter 3
<br />Part 2 of Division 1 of the California Tax and Revenue Code.
<br />NOW, THEREFORE, the City of Santa Ana and the Owner of the Historic Property
<br />agree as follows:
<br />1. Effective Date and Terms of Agreement.
<br />This Agreement shall be effective and commence on March 22, 2023, and shall remain
<br />in effect for a term of ten (10) years thereafter. Each year, upon the anniversary of the effective
<br />date of this Agreement, such initial term will automatically be extended as provided in California
<br />Government Code Sections 50280 through 50290 and in Section 2, below.
<br />2. Renewal.
<br />a. Each year on the anniversary of the effective date of this Agreement, a year shall
<br />automatically be added to the initial ten (10) year term of this Agreement unless written notice of
<br />nonrenewal is served as provided herein. ,
<br />b. If the Owner or the City desire(s) in any year not to renew the Agreement, the
<br />Owner or City shall serve written notice of nonrenewal of the Agreement on the other party.
<br />Unless such notice is served by the Owner to the City at least ninety (90) days prior to the annual
<br />renewal date, or served by the City to the Owner at least sixty (60) days prior to the annual
<br />renewal date, one (1) year shall automatically be added to the tern of the Agreement as provided
<br />herein.
<br />C. Within 30 days from receipt of City's notice of nonrenewal, the Owner may file a
<br />written protest of City's decision of nonrenewal. The City may, at any time prior to the annual
<br />renewal date of the Agreement, withdraw its notice to the Owner of nomenewal.
<br />d. If either the Owner or the City serves notice to the other of nomenewal in any
<br />year, the Agreement shall remain in effect for the balance of the term then remaining, either from
<br />its original execution or from the last renewal of the Agreement, whichever may apply.
<br />3. Standards and Conditions for Historic Property.
<br />During the term of this Agreement, the Historic Property shall be subject to the following
<br />conditions, requirements and restrictions:
<br />a. Owner shall maintain the Historic Property in a good state of repair and shall
<br />preserve, maintain, and, where necessary, restore or rehabilitate the property and its character -
<br />defining features described in the "Historical Property Description" attached hereto, marked as
<br />Exhibit B, notably the general architectural form, style, materials, design, scale, proportions,
<br />organization of windows, doors, and other openings, textures, details, mass, roof line, porch and
<br />other aspects of the appearance of the exterior to the satisfaction of the City.
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