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MILLS ACT AGREEMENT <br />2419 North Bonnie Brae <br />Santa Ana, CA 92706 <br />E. The Owner and the City intend to carry out <br />Government Code, Chapter 1, Part 5 of Division 1 <br />50280 et seq., which will enable the Historic Proper <br />of valuation as a restricted historical property purse <br />seq., Chapter 3 Part 2 of Division 1 of the California <br />NOW, THEREFORE, the City of Santa Ana and the <br />agree as follows: <br />1. Effective Date and Terms of Agreement. <br />the purposes of California <br />~f Title 5, Article 12, Section <br />/ to qualify for an assessment <br />mt to Article 1.9, Sec. 439 et <br />Tax and Revenue Code. <br />of the Historic Property <br />This Agreement shall be effective and commence on Augu t 7, 2006, and shall remain in <br />effect for a term of ten (10) years thereafter. Each year, upon th anniversary of the effective <br />date of this Agreement, such initial term will automatically be exte ded as provided in California <br />Government Code Sections 50280 through 50290 and in Section 2, elow. <br />2. Renewal. <br />a. Each year on the anniversary of the effective date o~ this Agreement, a year shall <br />automatically be added to the initial ten (10) year term of this Agre ment 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 o renew the Agreement, the <br />Owner or City shall serve written notice of nonrenewal of the A Bement on the other party. <br />Unless such notice is served by the Owner to the City at least ninet (90) days prior to the annual <br />renewal date, or served by the City to the Owner at least sixty (0) days prior to the annual <br />renewal date, one (1) year shall automatically be added to the term f the Agreement as provided <br />herein. <br />c. Within 30 days from receipt of City's notice of nonr newal, the Owner may file a <br />written protest of City's decision of nonrenewal. The City may, a any time prior to the annual <br />renewal date of the Agreement, withdraw its notice to the Owner of onrenewal. <br />d. If either the Owner or the City serves notice to th other of nonrenewal in any <br />year, the Agreement shall remain in effect for the balance of the to then remaining, either from <br />its original execution or from the last renewal of the Agreement, wh chewer may apply. <br />3. Standards and Conditions for Historic Property. <br />During the term of this Agreement, the Historic Property <br />conditions, requirements and restrictions: <br />be subject to the following <br />2~vA-13 <br />