Agmt82 DDA Redwood Shores Inc. GID 1-64

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service of GID 1-64 bond obligations. 12. Title to Public Improvements. It is understood and agreed by the parties hereto that upon acceptance by the City Council, title to the facilities will vest in the City. 13. South Shoics Development. Although this agreement applie r.nly to real property of Redwood Shores (as described in "Exhibit e"), the parties hereto do hereby agree that, at such time as the , is area generally known as .South Shores, and presently Owned by South Shores, Inc., is ready for development, this agreement may, with a consent of the parties, and in accordance with the provisions of V paragraph 14, be amended to include South Shores, Inc., as a party I hereto and to apply the provisions hereof, where applicable, to such real property owned by South Shores, Inc., as may then be more ! particularly described. II 14. Amendments. Except for matters left herein to the future mutual agreement of the parties, including, but not limited to revisions to the Rate Schedule not exceeding 5% increase in any given quarter; the cost estimates and proposed list of Facilities and time .chedules fur construction of the public facilities described in {� "E,;hibit A;" and the determinations of the parties as to whether or which facilities to construct and the method of financing such •t N construction in accordance with the provisions of paragraph 8, this •� agreement may be amended by mutual consent of all parties, confirmed# by ordinance of the City Council, at a public hearing for which M notice has been give❑ in accordance with Government Code Section 65867. 15. Assignment. Nothing herein shall prevent Redwood Shores from conveying all or part of its interest in any of the real property which is the subject of this agreement, subject to the ; 13 E'i