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<br />MULSACTAGREEMENT <br />920 North Towner Street <br />Santa Ana, CA 92706 <br /> <br />value of the property at the time of the cancellation without regard to any restriction imposed <br />pursuant to this Agreement. <br /> <br />b. If the Historic Property is destroyed by earthquake, fire, flood or other natural disaster <br />such that in the opinion of the City Building Official more than sixty (60) percent of the original <br />fabric of the structure must be replaced, this Agreement shall be canceled because, in effect, the <br />historic value of the structure will have been destroyed. No fee shall be imposed in the case of <br />destruction by acts of God or natural disaster. <br /> <br />c. If the Historic Property is acquired by eminent domain and the City Council <br />determines that the acquisition frustrates the purpose of this Agreement, this Agreement shall be <br />cancelled and no fee imposed, as specified in Government Code Section 50288. <br /> <br />6. <br /> <br />Enforcement of Agreement. <br /> <br />a. In lieu of and/or in addition to any provisions to cancel the Agreement as referenced <br />herein, the City may specifically enforce, or enjoin the breach of, the terms of the Agreement. In <br />the event of a default, under the provisions to cancel the Agreement by the Owner, the City shall <br />give written notice to the Owner by registered or certified mail, and if such a violation is not <br />corrected to the reasonable satisfaction of the Deputy City Manager for Development Services or <br />designee within thirty (30) days thereafter, or if not corrected within such a reasonable time as <br />may be required to cure the breach or default, or default cannot be cured within thirty (30) days <br />(provided that acts to cure the breach or default may be commenced within thirty (30) days and <br />shall thereafter be diligently pursued to completion by the Owner), then the City may, without <br />further notice, declare a default under the terms of this Agreement and may bring any action <br />necessary to specifically enforce the obligations of the Owner growing out of the terms of this <br />Agreement, apply to any court, state or federal, for injunctive relief against any violation by the <br />Owner or apply for such relief as may be appropriate. <br /> <br />b. The City does not waive any claim of default by the Owner if the City does not <br />enforce or cancel this Agreement. All other remedies at law or in equity which are not otherwise <br />provided for in this Agreement or in the City's regulations governing historic properties are <br />available to the City to pursue in the event that there is a breach of this Agreement. No waiver by <br />the City of any breach or default under this Agreement shall be deemed to be a waiver of any <br />other subsequent breach thereof or default hereunder. <br /> <br />7. Binding effect of Agreement. <br /> <br />a. The Owner hereby subjects the Historic Property, located at 920 North Towner Street, <br />Assessor Parcel Number, 405-231-05, and more particularly described in Exhibit A, in the City <br />of Santa Ana, to the covenants reservations, and restrictions as set forth in this Agreement. <br /> <br />b. The City and Owner hereby declare their specific intent that the covenants, <br />reservations and restrictions as set forth herein shall be deemed covenants running with the land <br />and shall pass to and be binding upon the Owner's successors and assigns in title or interest to <br />the Historic Property. Every contract, deed, or other instrument hereinafter executed, covering <br /> <br />-4- <br />