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WHEREAS, Owner understands that any future annexation to City is subject to <br />any and all City rights and determinations, whether legislative, quasi-judicial, <br />administrative, or however characterized, with respect to any proposed annexation of <br />the Property to City. <br />AGREEMENT: <br />NOW, THEREFORE, Owner agrees as follows: <br />1. CONSENT. In the event that the Property shall be proposed for annexation to <br />the City, Owner hereby consents to said annexation, and hereby waives Owner's rights <br />to protest such annexation pursuant to the provisions of law governing such <br />annexations. <br />2. TAXES, OTHER CHARGES. In the event annexation of the Property to City <br />shall be duly approved by all agencies having jurisdiction thereof, Owner agrees that the <br />Property shall be subject to any and all general, special, extraordinary, or additional <br />taxes or assessments or any and all general, special extraordinary, or additional service <br />charges, fees, or rates, levied against, imposed upon, or otherwise pertaining to the <br />Property by any and all agencies, including the City, having jurisdiction thereof in the <br />same fashion as other like property located within the territorial limits of City. <br />3. SUCCESSORS. This Declaration and all of the terms, conditions, covenants <br />and declarations herein contained shall be binding upon, and shall inure to the benefit <br />of, Owner, and Owner's administrators, heirs, assigns, and transferees. <br />4. RUNS WITH THE LAND; RECORDATION. This Declaration pertains to and <br />shall run with the Property. Upon execution, this Declaration shall be recorded in the <br />Official Records of San Mateo County. <br />5. CAPTIONS. Paragraph headings as used herein are for convenience only <br />and shall not be deemed to affect the meaning or intent of the paragraph headed <br />thereby. <br />[Signature page follows] <br />REV: 10-30-23 SK <br />