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NOW, THEREFORE, the parties hereto agree as follows: <br />1. CONSENT. In the event the Property shall be proposed for annexation <br />to the City of Redwood City Owner hereby consents to said annexation, and <br />hereby waives Owner's right to protest such annexation pursuant to the <br />provisions of law governing such annexations. <br />2. TAXES, OTHER CHARGES In the event annexation of the Property <br />to City shall be duly approved by all agencies having jurisdiction thereof, Owner <br />agrees that the Property shall be subject to any and all general, special, <br />extraordinary, or additional taxes or assessments or any and all general, special <br />extraordinary, or additional service charges, fees, or rates, levied against, <br />imposed upon, or otherwise pertaining to the Property by any and all agencies, <br />including the City, having jurisdiction thereof in the same fashion as other like <br />property located within the territorial limits of City. <br />3. NO LIMITATION, OTHER AGREEMENTS. The provisions hereof shall <br />not be deemed to evidence approval of, or consent by, City to annexation of the <br />Property to City, it being expressly understood and agreed that City hereby <br />reserves any and all rights and determinations, whether legislative, quasi - judicial, <br />administrative, or however characterized, with respect to any proposed <br />annexation of the Property to City. This Agreement is in addition to, and shall not <br />be deemed a limitation upon any requirement for, any other agreement or <br />agreements between the parties hereto pertaining to future annexations to City of <br />the Property, including, but not limited to, agreements for the construction of <br />public or private improvements, the payment of taxes, fees, assessments or <br />Agmt -355 2 13901 <br />F:\sh\sh'Redwood \Council <br />DES:djk <br />05 /03 /00 <br />