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<br />Francisco for such reservation is mutually agreeable to City and Property Owner, such agreement <br />not to be unreasonably withheld. <br /> <br />ARTICLE 4, <br /> <br />ANNEXATION <br /> <br />4.1 Conditions Precedent to Annexation. Property Owner and City shall work <br />together in a cooperative and diligent manner to apply for, process and facilitate the annexation <br />of the Property to the City of Pleasanton. Nevertheless, unless and until all of the conditions set <br />forth in Section 4.1, subsections (a) through (d) below (the "Annexation Conditions") have been <br />satisfied, Property Owner shall have no obligation to cooperate with City to initiate or otherwise <br />pursue annexation of that portion of the Property currently in unincorporated Alameda County <br />(referred to herein for ease of reference as annexation of the Property, even though a portion of <br />the Property is located within the City), and Property Owner shall retain all rights to challenge <br />and oppose such annexation, at any time during but prior to the effective date of the annexation <br />process, initiated by City or any other party. In the event one or more of the Annexation <br />Conditions have not been satisfied prior to the Annexation Deadline defined in Section 4.4. of <br />this Agreement, and an application for annexation is then pending, City shall, unless Property <br />Owner waives the condition(s) that has not been satisfied or unless the parties agree to waive the <br />provisions of Section 4.4 as provided in said Section, withdraw the application for annexation <br />and take all other steps necessary to terminate the pending annexation proceedings. City shall <br />not pursue fmal action on the annexation by the Alameda County Local Agency Formation <br />Commission ("LAFCO") until all of the Annexation Conditions have been met, unless such <br />conditions have been waived by Property Owner. <br /> <br />(a) Finality of Initial Proiect Aoorovals, Property Owner has obtained Final <br />Initial Project Approvals. For purposes of this subsection, Initial Project Approvals shall include <br />any element thereof. For purposes of this Agreement, the Initial Project Approvals shall be <br />deemed "Final" when the following have occurred: <br /> <br />(i) Time periods for challenge to the Initial Project Approvals by <br />referendum have passed without a petition for referendum having been submitted to the City; (ii) <br />if a petition for referendum has been submitted to the City, the City has submitted the Initial <br />Project Approvals to the voters, and the voters vote in favor of the Initial Project Approvals; as to <br />all aspects of the referendum process, the applicable statute of limitations has expired with <br />respect to commencing legal proceedings; and (iii) if legal proceedings have been initiated, a <br />final non-appealable judgment(s) by a court of competent jurisdiction has been entered in such <br />proceedings. invalidating the petition for referendum (if applicable) or overturning the decision <br />of the voters not to vote in favor of the Initial Project Approvals referendum. <br /> <br />(ii) Time periods for challenge to the Initial Project Approvals by all <br />local administrative appeal periods, if any. have expired without an appeal having been filed with <br />respect to the Initial Project Approvals; if an appeal has been filed, the applicable statute of <br />limitations has expired with respect to the commencement of legal proceedings to challenge the <br />Initial Project Approvals; and if any such legal proceedings have been initiated, a final non- <br /> <br />356901849375v14 <br /> <br />-21- <br /> <br />08125100 <br />