HRC FULL PACKET 2012-10-4 - Laserfiche WebLink

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~rrLLS Acr AcxE~NrENr 2453 North Rn~ersirle Dris>e Saran A~rn, CA 9270b building, and other changes are appropriate; and to ensure that rehabilitation and znaizztenance az-e carried out in an exemplary manner. E. The Ow~~er acid the City intend to caz-z-y out the purposes of California Goverzui~ent Code, Chapter 1, Part 5 of Division 1 of Title S, Article 12, Section 50280 et seq., which will enable the Historic Property to qualify for an assessment of valuation as a restricted historical propez-ly purszzant to Article 1.9, Sec. 439 et seq., Chapter 3 Part 2 of Divisionz 1 of the California Tax and Revenue Code. NOW, THEREFORE, the City of Santa Ana and the Owner of the Historic Property agree as follows: 1. Effective Date and Terms of Agreerr~e~zt. This Agreement shall be effective and commence on November S, 2012, and shall remain in effect for a term of ten (10) years thereafter. Each year, upon the az~z;iversary of the effective date of this Agreement, such initial tezm will automatically be extended as provided iii California Government Code Sections 50280 through 50290 and in Section 2, below. 2. Renewal. a. Each year on the anniversary of the effective date of this Agreement, a year shall automatically be added to the initial ten (10) year terns of this Agreement unless written notice of nonrenewal is served as provided herein. b. If the Owner or the City desire(s) in any year not to renew the Agreement, the Owner or City shall serve written notice of nonrenewal of the Agreement on the other party. Unless such notice is served by the Owner to tl~e City at least ninety (90) days prior to the annual renewal date, or served by the City to the Owner at least sixty (60) days prior to the annual renewal date, one (1) year shall automatically be added to the tezan of the Agz•eenient as provided herein. c. Within 30 days from receipt of City's notice of nonrenewal, the Owner may hle a written protest of City's decision of nonrenewal. The City may, at any time prior to the annual renewal date of the Agreement, withdraw its notice to the Owner of nonrenewal. d. If either tl~e Owner or the City serves notice to the otlrer of nonrenewal in any year, the Agz-eernent shall remain in effect for the balance of the term then remaining, either from its origizzal execution or froz•zl the last rez~e~val of the Agreement, whichever may apply. 3. Standards and Conditions for Historic Property. During the term of this Agreement, the Historic Property shall be subject to the following conditions, requirements and restrictions: -2-