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2. SBHF will convey an Easement in the Donated Property to the Commission in a form which is satisfactory to SBHF and the Commission (the "Easement "). SBHF will not warrant title to the Donated Property nor provide title insurance, provided, however, the Commission may refrain from accepting the Easement to the Property if, in its sole discretion, SBHF is unable to convey an acceptable Easement to the Donated Property. The term of the Easement shall be for a period of one Easement is executed, but the Commission shall have an option Easement for two (2) consecutive six (6) month periods by is Commission's intent to renew fifteen (15) days prior to the ex ' term or any subsequent six (6) month renewal. In any eve e Ea years from the date of the Easement unless the parties a in riting, A professional architect or architgffral firm Commission, will assess the renovation needs N cost estimates for the renovation. The renovation the Architect to the Commission and SBHF for apcontract with the Commission, will wo with the through an interagency agreement with t mi, advertise and bid the Project, and oversee activity. jU year from the date the cretion to renew the ling SBHF notice of the the original one (1) year 1knt shall expire two (2) xtension. ( "Architect ") to le to the perty, draft pl nd develop imates will presented by e approved, the Architect, under trend Board of Public Works, e bid specifications, publicly The source of funding for he oJ e West Washington Chapin Development Area Tax Financing ( "TIF "). he Commission's approved total Project budget is Thr un wenty -Two housand hree Hundred and 00 /100 Dollars ($322,300.00), sub' pprop on by the C mission ( "Project Costs "). Project Costs in excess of this amount of b ended with further approval by the Commission. A preliminary outline of the ro'ect to be contracted through public bid is attached he it C. ceptua of the interior renovation are attached hereto as Exhibit ,with tha ' n o ity to be undertaken by the Commission so noted. The const n schedule fo roiec ched hereto as Exhibit E. The ted Property will be under the control and maintained by the Commission the term the Easement . All expenses relating to the control and operation of the Donated rt*ses a ny adjacent portions of the Property owned by SBHF, including utility charges, sha rtioned such that SBHF shall be deemed to have been obligated for all expenses relating period prior to the date of the Easement and the Commission shall be obligated for all expelating to the Donated Property for the term of the Easement. SBHF agrees to take reasonable steps of security during the term of the Easement for the Donated Property to secure and protect the Donated Property and improvements and personal property thereon from damages and losses, and to not allow any liens or encumbrances of any kind to attach to the Donated Property. The Commission, also, agrees to work with SBHF to assure that reasonable and mutually accepted liability and casualty insurance protection is in place in relation to the Donated Property and the improvements thereon so as to reasonably protect their respective interests.