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<br />in that tra.ct of land in the City of RedV'loocL Ci ty ol,vned <br />by Land Development Company, l~nown as the "Carson-Monckton <br />Tractll, and served by the water system installed by Land <br />Development Company, a sum equal to twenty per cent (20%) <br />of said gross revenue for a period of twenty-three (23) <br />years from the date of whatever agreement is entered into, <br />or until Land Development Company has received a sum <br />equal to sixty per cent (60%) of the cost of said water <br />system, i.vi thout interest, in said Carson-Monckton Tract, <br />whichever date is sooner. <br />(c) That judgment may be enterecl in the Superior <br />Court of the state of California, in and for the County <br />of San Mateo, in accordance with the provisions of the <br />agreement entered into between the City Manager and the <br />Land Development Company, and that such judgment shall <br />provide that judgment on the issue of damages contained <br />in the aforementioned complaint shall be entered in favor <br />of the Oi ty of Red~lTood Oi ty. <br />(d)- That prior to entering into the aforementioned <br />agreement, the City Manager shall submit said agreement <br />in final form to the Council of Redi.vood Oi ty for said <br />council's approva1. <br /> <br />'* *' '* '* <br />