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i <br /> [�f�y <br /> C H <br /> ay�n <br /> : <br /> � � <br /> c] <br /> ��� . <br /> H y H � - <br /> ��o� <br /> HC <br /> C1 H <br /> �'�g <br /> �. � <br /> �� <br /> �F y F. The intent of this Agreement is to express tlie parties' intent <br /> g��. <br /> ��y regarding the assessRent of the Affected Property. <br /> �' NON, TNEREFORE, in consideration of the foregoirg, the mutual covenants ' <br /> ��� I <br /> contalned here{n, and the mutual benefit to be der!ved, and in consideratlon <br /> of the public interest, the parties agree as follows: <br /> 1 . MODIFICATI01�5 TO ASSESSMENT ROLL. 1he Final Assess,ient Roll ; <br /> shall be mcdifie�i as follows: <br /> The parcei of real property identifleA by tax account <br /> number and legal description in Exliibit A 1s assesscd <br /> 53,722. <br /> 2. INCREASED CONTRIDUTION. ihe C1ty shall increase its <br /> ��' contribution to thc cost oF financing and constructing the LID No. 729 by I <br /> ��� the amount that the total of the assessments against the Affected Property <br /> � 1 on thP F1na1 Assessment Rall exceeds lhe total Modificd Assessments against <br /> ��' the Affected Property. I <br /> � 3. CHARGE IN LIEU OF ASSESSMENT. if Mountlfields or their � <br /> �� successor in lnterest subdlvide the real property ldentified in Exhibit A, <br /> �,�� or rezone the property to multiple residential , then Mountifield or h1s <br /> ' successor in interest shall pay Lhe City a charge in lieu of assessment of <br /> �� E6,943. The charge in lieu of assessment shall be due nnd payable <br /> 1'�' immediately after the occurrence of subdlvision or rezone approval . <br /> 1�' 4. RUN WITII LAND. This covenant shall run wltii tlie land and sliall <br /> be binding on successors in interest to the Affected Property. <br /> 5. CONSTRUCTION. This 1lgreement is the pPoduct of neantiation <br /> between the parties and shall not be construed agalnst the draftsman sulely <br /> 2 <br />