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} `` (b) Owi_ _ shall pay all costs associated with ext~ ion of the water system to . serve Owner's land, and the system is to be designed consistent with City standards and subject to City approval. (c) Owner shall pay an amount computed as provided in the applicable City formula for connection to water facility improvements subject to a mutual benefit district, reimbursement agreement, or any other agreement. (d) Owner shall pay a monthly water service charge as is now or may in the future be provided by ordinance. (e) Owner shall pay the City encroachment fee (if necessary) and shall pay the processing fees to LAFCO because the City is required to apply to LAFCO for this extension. (f) The existing well on the property may be used for irrigation purposes, if the well is disconnected from the house plumbing; backflow device (reduced pressure device) shall be required for domestic water service. 2. Agreement to Annex. Owner consents to annex to the City of Pleasanton all those lands described herein at such time as City may require. This Agreement, State and County laws, and City ordinances and resolutions shall control the responsibilities of both parties at the time of annexation. Owner shall cooperate with City in the annexation of the lands described herein, whether alone or as part of a larger area; expressly waives the right to protest said annexation; and shall agree to do no act calculated or tending to prevent, impede, or defeat the successful annexation of said property. 3. Land Subject to the Specific Plan. The land subject to this Agreement shall be subject to the conditions of the Happy Valley Specific Plan adopted June 16, 1998. 4. 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. 5. 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. 6. Taxes. Owner understands that after annexation has been completed said property shall be subject to all real property taxes. 7. Assessment Districts. Owner shall cooperate with City in the formation of any mutual benefit districts or assessment districts which City deems necessary for the installation of annex\gaieragr.sam.ab