25G - AGMT MILLS ACT 927 W 20TH STREET

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MILLS AC'i'AGREE.-VERT .927 Nest Tteendeth Street Santa Ann, 0 92706 E. The Owner and the City intend to carry out the purposes of California Government Code, Chapter I, Part 5 or Division I of Title 5, Article 12, Section 50280 et seq., 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 on December G, 2017, and Stull 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 tart will automatically be extended as provided in Calilbrnia Government Code Sections 50280 through'50290 and in Section 2, below. 2. Renewal. a. Each year on the anniversary of life effective (late of this Agreement, a year shall automatically be added to the initial ten (10) year tern 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 Owncr to the City at least ninety (90) clays prior to the annual renewal date, or served by the City to the Owner at least sixty (60) days prior to the amoral renewal (late, one (1) .year shall automatically he added to the loan of lite Agreement as provided herein. I . Within 30 days. from receipt of City's notice of nonrenewal, the Owner may file 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 oi'nonrencwal. 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 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: I . Owner shall maintain the Historic Property in a good stale of repair and shall preserve, maintain, and, where necessary, restore or rehabilitate the property and its character- detining features described in the "Department of Parks and Recreation Primary Record" attached hereto, marked as "Exhibit A," notably the general architectural forst, style, materials, -2- 25G-13