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97241842 <br />percent (.75%) times the average of the sale price for units of comparable size which have <br />been sold to that date, or times the last offer price if units of comparable size have not <br />been sold. <br />4. This agreement shall be binding upon and inure to the benefit of the <br />parties hereto and their respective heirs, successors and assigns. <br />5. City is authorized to record this agreement and any amendments thereto <br />with Alameda County Recorder, California. All amendments hereto must be in writing and <br />signed by the appropriate authorities of the City and Developer. <br />IN WITNESS WHEREOF, duly executed by the parties as of the day and year first above <br />written. <br />CITY OF SAN LEANDRO, a municipal <br />corporation <br />By: <br />J.Jermanis <br />City Manager <br />G/ <br />Attest: <br />Gayle P tersen, City Clerk <br />(sea -I of SAN � 4 <br />v <br />O r �O DEVELOPER:WATERFORD ASSOCIATES, LLC, a <br />a limited liability corporation <br />By• z-� <br />Attach Acknowledgment) <br />TRACT 6933 <br />RESUBDIVISION OF LOT 106, TRACT 1232-33 MAPS 71 <br />C:\MAPS\TM6933\PARKLAND.DOC <br />3 OF 4 <br />