Page 4 - scvhs1980countycontract

I)

prior to the date of tennination. Any removal authorized hereunder shall be

made without damage to adjacent improvements; and if adjacent improvements

are damaged, Society shall reimburse County for the cost of repair or shall

repair the improvement so damaged at the option of County. After removal,

the premises shall be left free and clear of all debris and in a condition

reasonably similar to the present condition of said property. Should

Socie-ty fail to remove said structures, buildings, and improvements, the

County may sell, remove, or demolish same, and Society shall reimhurse

County for any cost or expense in connection therewith in excess of any

consideration received by County as a result of said sale,_ removal, or

.demolition.

3. TERM

3.01 The tenn of the agreement shall be for a period of twenty

(20) years corrrrnencing on the first day of the month next succeeding the

approval thereof by the Board of Supervisors.

3.02 Society has an irrevocable option to renew for an additional
twenty -(20) year term upon notification to County within ninety (90) days

prior to expiration of the first twenty (20) year term.

3.03 In the event Society holds over beyond the tenn herein

provided_ with the consent, expressed or implied of County, such holding

shall be for an equivalent time period, subject to the conditions of the

agreement until terminated by the parties as hereinafter provided.

4. PAYMENT

4.01 It is understood and agreed that the Society which pursuant

hereto intends to re-construct upon subject premises as the "required

construction" referred to in Section 6 hereof, that certain railway station

now situated at Saugus, California, known as the Saugus Railway Station,