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longer period of time as may reasonably be required, provided that the Property Owner shall commence to <br />remedy such default within thirty (30) days period and thereafter diligently prosecute such remedy to <br />completion). If the Property Owner fails to remedy the event of default within the prescribed time period, <br />the City shall have the right to do all work necessary to remedy the event of default and charge the Property <br />Owner actual costs incurred by the City for such work and the City shall have the right to terminate service as <br />specified in Section 61 <br />13. ASSIGNMENT BY CITY. The City shall have the right at its option to assign its rights <br />and obligations under this Agreement to a municipal services district or other public agency without consent of <br />the Property Owner. <br />14. AGREEMENT ATTACHES TO LAND AND BINDS PROPERTY OWNER'S <br />SUCCESSORS AND ASSIGNS. This Agreement pertains to and runs with the Property in perpetuity, and <br />shall be recorded against the Property. <br />15. TRANSFER OF PROPERTY. This Agreement binds the assigns and successors -in- interest <br />of the Property Owner, including any transferee of a fee interest in the Property. The City and its successors <br />and assigns, in the event of any breach of this Agreement, shall have the right to exercise all of the rights <br />and remedies, and to maintain any actions at law or suits in equity or other proper proceedings against the <br />Property Owner or its permitted successors and assigns to enforce the curing of such breach. If the benefited <br />property is sold in part and/or subdivided, utility service shall not be extended to additional parts or any <br />subdivided lands. <br />16. ASSIGNMENT BY PROPERTY OWNER. Property Owner covenants, for itself and its <br />successors and assigns, not to sell, transfer, assign or otherwise dispose of ownership of the Property, unless <br />the prospective purchaser, transferee or assignee expressly promises in writing to be bound by all of the <br />provisions hereof, including the covenant in this Section 16 to require successors to expressly assume the <br />obligations herein in the form of the assignment agreement attached hereto as Exhibit C. Upon such <br />successor assuming all obligations and agreeing to be bound by this Agreement, such party shall constitute <br />the "Property Owner" hereunder and all predecessors -in -interest to such party shall be fully relieved of the <br />obligations hereunder and shall have no liability for any default or failure to perform occurring from and <br />after the date of such assignment and assumption. Subsequent to execution of such assignment agreement, <br />Property Owner shall transmit one fully executed copy to the City. <br />17. NOTICES. Any notices relating to this Agreement shall be given in writing and shall be <br />deemed sufficiently given and served for all purposes when delivered personally or by generally recognized <br />overnight courier service, or five (5) days after deposit in the United States mail, certified or registered, <br />return receipt requested, with postage prepaid, addressed as set forth below. Either party may provide <br />updated contact information to the other party by written notice. <br />To the Property Owners: Bruce Posey and Dana Posey <br />477 Upland Road <br />Redwood City, CA 94062 <br />REV: 08-26-2021 SK <br />ATTY/AGR.2021 .1 17/Other (Page 6 of 21) <br />