Rec-Doc 2024-037879 Declaration of Restriction 177-179 Springdale LLC

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WHEREAS, Owner desires to evidence such consent and waiver; and WHEREAS, Owner understands that any future annexation to City is subject to any and all City rights and determinations, whether legislative, quasi-judicial, administrative, or however characterized, with respect to any proposed annexation of the Property to City. AGREEMENT: NOW, THEREFORE, Owner agrees as follows: 1. CONSENT. In the event that the Property shall be proposed for annexation to the City, Owner hereby consents to said annexation, and hereby waives Owner's rights to protest such annexation pursuant to the provisions of law governing such annexations. 2. TAXES, OTHER CHARGES. In the event annexation of the Property to City shall be duly approved by all agencies having jurisdiction thereof, Owner agrees that the Property shall be subject to any and all general, special, extraordinary, or additional taxes or assessments or any and all general, special extraordinary, or additional service charges, fees, or rates, levied against, imposed upon, or otherwise pertaining to the Property by any and all agencies, including the City, having jurisdiction thereof in the same fashion as other like property located within the territorial limits of City. 3. SUCCESSORS. This Declaration and all of the terms, conditions, covenants and declarations herein contained shall be binding upon, and shall inure to the benefit of, Owner, and Owner's administrators, heirs, assigns, and transferees. 4. RUNS WITH THE LAND; RECORDATION. This Declaration pertains to and shall run with the Property. Upon execution, this Declaration shall be recorded in the Official Records of San Mateo County. 5. CAPTIONS_. Paragraph headings as used herein are for convenience only and shall not be deemed to affect the meaning or intent of the paragraph headed thereby. REV:07-16-24 VR (Signature Page Follows) ATTY/AGR 2024 072/177 SDrinodale Wav - l AFC;o DoR (Pane 2 of 4)