Preservation Agreement. Prior to payment of the grant funds, a covenant must be executed, under which the Owner of the property on which federal funds will be expended agrees to assume the cost of continued maintenance and repair of said property so as to preserve the architectural, historical, or archaeological integrity of the property in order to protect and enhance those qualities that made it eligible for listing in the National Register of Historic Places. The term of this covenant is ten (XX) years. The OHPO will prepare the covenant Grant Number: 39-1x-xxxxx HP xxxx Beginning Date: xxxxxxxxxxx End Date: September 30, 20xx for the Owner’s notarized signature, and the covenant will be recorded by the Grantee with the County Recorder and submitted to OHPO after recording. For all development project work executed on properties not clearly visible from a public right-of-way, or where interior work other than structural or mechanical is funded, the owner agrees to provide public access to view the grant-assisted work or property no less than 12 days a year on an equitably spaced basis. At the owner’s option, the property may also be open at other times by appointment, in addition to the scheduled 12 days a year. The Owner agrees to publish a notification giving dates and times when the property is open to the public in the appropriate section of a general circulation newspaper covering the area in which the property is located. Documentation of such notice is to be submitted to the Society biennially during the term of the covenant. The Society will provide the owner with suggested working of the public notification upon request. Nothing in this Agreement will prohibit the Owner from charging a reasonable non-discriminatory admission fee comparable to fees charged at similar facilities in the area.
Preservation Agreement. The considerations and participations provided for in these Heads will continue to endure in favour of the party entitled thereto notwithstanding that the old order rights constituted by the mineral rights or by these Heads cease to exist in terms of MDA. The parties will sign a side letter substantially in accordance with annexure G hereto to that effect.