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NIILLSACT AGREEMENT <br />.27E WasbbigtonAvenue <br />Santa Anna, CA 927€1 <br />E. The Owner and the City intend to carry out the purposes of California <br />Oovermnent Code, Chapter 1, Part 5 of Division 1 of Title 5, Article 12, Section <br />50280 et seg., which will enable the Historic Property to qualify for an assessment <br />of valuation as a restricted historical property pursuant to Article 1.9, Sec. 439 et <br />sect.., Chapter 3 Part 2 of Division 1 of the California Tax and Revenue Code. <br />NOW, THEREFORE, the City of Santa. Ana and the Owner of the Historic Property <br />agree as follows: <br />1. Effective date and Terms of Agreement. <br />This Agreement shall be effective and commence on 11115/2016, and shall remain in <br />effect for a terrrli of ten (10) years thereafter_ Each year, upon the anniversary of the effective <br />date of this Agreement,. such initial term will automatically be extended as provided. in. California <br />Oovenunent Cade Sections 50280 through 50290 and in Section: 2, below. <br />I Renewal. <br />a. Each year on the anniversary of the effective date of this Agreement, a year shall <br />automatically be added to the initial ten (10) year term of this Agreement unless written notice of <br />nonrenewal is served as provided.heroin. <br />b. if the Owner or the City desire(s) in any year not to renew the Agreement, the Owner <br />or City shall serve written notice of nonrenewat of the Agreement on the other party. Unless <br />such notice is served by the Owner to the City at least ninety (90) days prior to the a ual <br />renewal date, or served by the City to the Owner at least sixty (60) days prior to the annual <br />renewal date, one (1) year shall automatically be added to the term of the Agreement as provided <br />herein - <br />c_ Within 30 days fi-orn receipt of City's notice of nonrenewal, the Owner may file a <br />written protest of City's decision of notwenewal. The City may, at any time prior to the annual <br />renewal date of the Agreement, withdraw its notice to the Owner of nonrenewal. <br />d. if either the Owner or the City serves notice to the other of nonrenewal in any year, <br />the Agreement shall remain in effect for the balance of the term thea remaining, either from its <br />original execution or from the last renewal of the Agreement, whichever may apply. <br />3. Standards and Conditions for Historic Property. <br />During the terra of this Agreement, the Historic; Property shall be subject to the following <br />conditions, requirements and restrictions: <br />a. Owner shall maintain the Historic Property in a good state of repair and shall <br />preserve, maintain, and, where necessary, restore or rehabilitate the property and its character - <br />defining features, notably the general architectural form, style, materials, design., scale, <br />-2- <br />