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11. LIABILITY OF OWNER UPON CANCELLATION. <br />(a) Prior to the giving of tentative approval to the cancellation of the contract <br />by the City Council, the County Assessor shall reassess said property as though it were free of <br />the restriction provided for herein. The amount of the cancellation fee to be paid by Owner upon <br />cancellation shall be determined in accordance with Government Code § 51283(6). <br />(b) If the City Council recommends and finds that it is in the public interest to <br />do so, the County may waive any such payment or any portion thereof, or make any such <br />payments or portion thereof contingent upon the future use to which said property is put and its <br />economic return to the Owner for a period of time not to exceed the unexpired term of the <br />contract had it not been cancelled, provided: (1) the cancellation is caused by an involuntary <br />transfer or change in the use to which said property may be put and said property is not <br />immediately suitable, nor will be immediately used for, a purpose which produces a greater <br />economic return to Owner; and (2) the City Councii has determined that it is in the best interests <br />of the public or the conservation of agricultural land that such payment be either deferred or not <br />required; and (3) the waiver is approved by the Secretary of the Resources Agency. <br />12. NOTICES. <br />All notices required or permitted by this contract shall be given in writing and may be <br />mailed or delivered in person. If mailed the address of Owner shall be the last known address on <br />the assessment records of the County, and City's address shall be ,and <br />deposit in the mail, postage prepaid, shall be deemed receipt thereof. <br />ATTEST: KAREN DIAZ, CITY OF PLEASANTON <br />City Clerk <br />APPROVED AS TO FORM <br />Michael Roush, City Attorney <br />57286\124246v3 <br />Owner <br />ATTACHMENT `~ <br />