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annexation to the City of San Leandro. It is expressly agreed that <br />if the aforesaid pending annexation is completed as presently planned <br />then this agreement shall terminate upon said annexation becoming <br />final and no payments shall accrue hereunder. If, however, annexation <br />is not completed until after such payments accrue, they shall continue <br />hereunder until equivalent City taxes become payable by the Owners. <br />Said service charges shall be computed by applying the then cur- <br />rent City tax rate to the valuation of all owners' property herein <br />involved as shown on the assessment rolls of the County of Alameda and <br />shall be paid at the same time and manner and subject to the same pen- <br />alties for delinquency as City taxes upon similar property. <br />This Agreement may be terminated by either party upon July 1 of <br />any year upon at least four months' written notice to the other party; <br />in the event of such termination Owners agree to disconnect at Owners' <br />expense all sewer and other- lines by which any municipal service shall <br />have been provided, and agree to save the City harmless for discontin- <br />uance of any or all municipal servicing rendered hereunder. <br />In Witness Whereof, the City has caused its name and seal to be <br />hereunto affixed by its Mayor thereunto duly authorized and the <br />Owners have executed the foregoing agreement this 17th day of June, <br />1963. <br />Attest: <br />Richard H. West, City Clerk <br />- 2 - <br />CITY OF SAN LEANDRO, a municipal <br />corporation <br />By <br />Jack D. Maltester, Mayor <br />Ugo Abram <br />A. J . Mendonca <br />6/12/63/aw <br />