(A) Agreements must contain a clause that automatically renews the term of the agreement, upon the anniversary date of its initial term, for an additional term of one year.
(B) Should an agreement contain an automatic renewal clause, then the agreement may be cancelled as follows:
(1) By the city upon written cancellation notice at least 60 days before the renewal date;
(2) By the owner upon written cancellation notice at least 90 days before the renewal date.
(C) Should a nonrenewal notice be served by either the city or the owner, the agreement will remain in effect until its anniversary date.
(D) An owner may, upon receipt of a nonrenewal notice from the city, make a written protest to the City Council of the nonrenewal. Such written protest must state with specificity the reasons for such protest. The City Council may, at any time before the effective date of the nonrenewal, rescind the nonrenewal notice.
(Ord. 1219, passed 11-16-09)