HRC FULL PACKET 2013-07-11 - Laserfiche WebLink

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~tirrL L s A cT A crz~ ~~NCNr • 2418 Norllr Poljrseltlrr Slreel Sottta Arttr, CA 927QG E. The Ownez• and the City intend to carry out the purposes of California Government Code, Chapter 1, Part 5 of Division 1 of Title S, Article l2, Section 50280 et seq., which will enable the Historic Property to qualify for azi assessment of valuation as a restricted historical propez•ty pzzrsuant to Article 1.9, Sec. 439 et seq., Chapter 3 Part 2 of Division 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 anti Terms of Agreement. This Agreement shall be effective and commence on August S, 2013, and shall remain in effect for a term of ten (10) years thereafter. Each year, upon the anniversary of the effective date of this Agreement, such initial term will automatically be extended as provided in 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 Ownez• or City shall serve writtezz notice of nonrenewal of the Agreement an the other party. Unless such notice is served by the Owner to the 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 term of the Agreement as provided herein. c. Within 30 days from receipt of City's notice of nonreziewal, the Owner may file a written protest of City's decision of nom•enewal. The City may, at any time prior to tl~e annrzal renewal date of the Agreement, withdraw its notice to the Owner of nonrenewal. d. if either the Ownez• or the City serves notice to the other of nonrenewal in any year, the Agreement shall remain in effect for the balance of the term then remaining, either from its original execution or from the last renewal of the Agreement, whichever may apply. 3. Standards an[l Cnnditio~as far Historic Pr©perty. During the term of this Agreement, the Historic Property shall be subject to the following conditions, requirements and restrictions: -2-