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7. Land Subject to This Agreement. The land subject to this Agreement shall be those lands of Owner, more particularly described in legal description and map attached hereto as Exhibit A and made a part hereof. 8. Bonded Debt. Owner consents that, upon annexation of the property to City, said property shall be taxed to pay its share of existing bonded indebtedness of City. This Agreement shall serve as such consent, and a copy shall be filed with Treasurer-Tax Collector of Alameda County, if evidence of such consent is required; provided, however, that Owner's property will be excluded from the City bonded debt existing on the effective date of this Agreement and from and after the annexation of the property to City for all utility facilities to which Owner's property is not connected. 9. Taxes. Owner understands that after annexation has been completed said property shall be subject to all real property taxes. 10. Successors and Assigns. This Agreement shall expressly run with the land and shall apply to, bind, and inure to the benefit of successors in interest of the Owner with respect to the legal title to the land described in Exhibit A. 11. Recordine. The execution of this Agreement shall be acknowledged before a Notary Public, and the Agreement shall be recorded with the Recorder of Alameda County. IN WITNESS WHEREOF, the parties set their hands, and the City has caused this Agreement to be executed on the day set forth above. CITY OF PLEASANTON ATTEST: i Pegg zidro, City Clerk Deborah Acosta City Manager OWNERS: Fuller APPROVED AS TO FORM: ~~~ Michael H. Roush, City Attorney Page 4