RES 98027 - Laserfiche WebLink

5. Taxes. Owner understands that at~er annexation has been completed said property shall be subject to all real property taxes. 6. 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 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 shall 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 the owner's interest or the public interests so long as said action does not tend to prevent or defeat the formation of the districts. 7. 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. 8. Recording. 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. ATTEST: CITY OF PLEASANTON Peggy L. Ezidro, City Clerk Deborah Acosta City Manager APPROVED AS TO FORM: OWNER: Michael H. Roush, City Attorney Kevin Maas annex\premaas. agm Page 3