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which establishes separate or- additional standards for I'rivate iml'rovements that ar-e the subject of a I'lanned develol'ment I'ermit. 12. Traffic Assessment District. Flatirons shall participate in an assessment district pursuant to the Iml'rovement Act of 1911 (Sts. & Hwys. Code §§5000, et seq.); the Iml'rovement Act of 1913 (Sts. & Hwys. Code §§10000 et seq.); the Benefit Assessment Act of 1982 (Gov't. Code §§54703, et seq.); or- other fair shélre funding mechanisms which incI ude all existing and future Red wood Shores non-residential developments on .,". . .. .. an equitable and benefit basis for the construction of off-site traffic mitigation "-'" .--"'n ¡~: :1: ' : : improvements. In pur-suance of the foregoing, Flatirons hereby waives objection or ".~..,.. " '.." ".~ ," ... .<. protest to the formation or establishment of élny such district or mechanism; ,...." .. ., , ::::i~~~~ _.". ,....- pr-ovided8that Fléltirons her-eby reserves its right to protest the amount of any such ...~,,-- .. . " .. .. .. '......." " .. .. . assessment, fee or charge, the formula therefor or the extent or design of the impr-ovements to be constructed thereby; provided, further, that the Pr°l'erty shall not be included in any such assessment district formed to construct iml'r-ovements to streets locélted easterly of the eélsterly boundary of the ri~ht of ,^,ay of Twin Dolphin Drive projected northerly élcross Marine Parkway and southerly across Redwood Shores ParkwélY. The élrea in which improvements cannot be funded pursuant to any such assessment dismct or other fair share fundin~ mechélnism under this Section 12 is located generallJ' east of the shaded area depicted on Exhibit F. In no event shall any mitigation result in él cessation or postponement of construction, or alteration or reduction of the Project. -29- DV AGRCP3.!XX: August 26, 1996 , _.-.-~ -.. . ,