25B - AGMT - HISTORIC 2108 N GREENLEAF ST

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MILLSACTAGRGFMENT 2108 N. Greenleaf Stivet Santa Ann, C4 92706 E. The Owner and the City intend to carry out the purposes of California Government Code, Chapter 1, Part 5 of Division I of Title 5, Article 12; Section 50280 et saq., which will. enable the Historic Property to qualify for an assessment of valuation as a restricted historical property pursuant to Article 1.9, Sec. 439 et seq., Chapter 3 Part 2 of Division I 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 Agreement. This Agreement shall be effective and commence oil February 21, 2017, and shall remain in effect for a tern 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 throirgli 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 term of this Agreorment 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 rusnrenewal of the Agreement ort 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 nonrenewal, the Owner may file a written protest of City's decision of llotirenewal. The City may, at any time prior to the annual renewal date of the Agreement, withdraw its notice to the Owner ofnatuenewal. d, If either the Owner or the City serves notice to the other of nonrenewal in any year, the Agreement shall remain in effect for the balance of the tern then remaining, either from its original execution or from, the last renewal of the Agreement, whichever rmy apply. 3. Standards and Conditions for Historic Property. During the teras of this Agreement, the Historic Property shall be subject to the following conditions, requirements and restrictions: a. Owner shall maintain the Historic Property in a good state of repair and shall preserve, maintain, and, where necessary, restore or rehabilitate the property and its character - defining features, notably the general architectural form, style; materials, design, scale, -2- 25B-12