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<br />Western Pacific mainline upon approval of the modified <br />application by the PUC. <br />D. The Valley Avenue Extension consists of the extension of <br />Valley Avenue from Quarry Lane to Stanley Boulevard and upgrading <br />the Busch Road connection to Valley Avenue to be a public gated <br />crossing, <br />E. The Property is within the area which will receive <br />special benefit from the proposed Valley Avenue Extension <br />Project, and the effects of land uses on the Property will be <br />mitigated by completion of the Valley Avenue Extension Project. <br />NOW, THEREFORE, in consideration of the faithful performance <br />of the terms, conditions, covenants and promises set forth <br />herein, the parties hereto agree as follows: <br />1. Mitigation Required. City agrees that the effects of <br />Z-S6-67 will be mitigated by completion of the Valley Avenue <br />Extension Project. <br />2. Assessment District. City reserves the right to include <br />the Property in an Assessment District or Benefit District which <br />may be established by City to finance the Valley Avenue <br />Extension, as finally approved. <br />3. Support for Assessment District. Landowners agree to <br />either (i) not protest establishment of the District, or (ii) <br />affirmatively vote for creation of the District or other <br />mechanism, depending on the manner of creation of the funding <br />mechanism. <br />- 2 - <br />