RES 86263 - Laserfiche WebLink

with the Treasurer-Tax Collector of Alameda County, if evidence of such consent is required; provided, however, that Owner's property will ~ excluded from the City bonded debt existing on the effective date of this agreement and from and after the annexation of his 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 agrees to cooperate with City in the formation of any mutual benefit districts or assessment districts which City deems necessary for the installation of public improvements serving, in whole or in part, Owner's lands as described herein, whether such districts are formed at the time of annexation or some time in the future. In this regard, Owner waives the right to protest the formation of any of said districts and agrees to do no act calculated or tending to prevent, impede, or defeat the successful formation thereof, provided, however, that this waiver is not intended, nor shall it be construed, to affect or limit the rights of the Owner to participate in the hearings and/or other aspects of the district formation proceedings to the extent necessary and appropriate to protect and further its interests or the public interests so long as said action does not tend to prevent or defeat the formation of the districts. - 4 -