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1 <br />~~ <br />PROPERTY OWNER: C.M. Centerprop, Inc. <br />~---,~ <br />C~.+ TneP C'A 951 l3 <br />v <br />525 Uni~eX5~4y fVcnuc. <br />Su i k~e. 15t~ ~ '; r ~ a_ ; <br />Pates W t-to, C,t~ ~k 3 ©t U <br />4. Successors in Interest. This Agreement shall run with the land and be binding <br />upon any and all successors in interest of the Property Owner having an interest in the Subject <br />Property. <br />5. Recordation/Pro~erty Owner's Obligation. At this time, it is not known what <br />Property Owner's fair share, as set forth in paragraph 1, will be. It is anticipated, however, that <br />such will be known, or at least known with more certainty, by June 1, 1999. If, by June 1, 1999, <br />Property Owner's fair share has not been determined, the parties agree to enter into a new <br />Agreement that will be recorded that may define better what Property Owner's fair share will be. <br />If Property Owner should sell or transfer the Subject Property prior to its satisfying its obligations <br />herein, it shall expressly inform the purchaser/transferee in writing, with a copy to the City, of this <br />Agreement. Should Property Owner fail to do so, the obligations of this Agreement will be <br />personal to the Property Owner notwithstanding its transfer of the Subject Property. <br />THIS AGREEMENT is entered into as of the day and year first written above. <br />ATTEST: <br />f <br />Pegg i o, City Jerk <br />APPROVED AS TO FORM: r~ <br />Michael H. Roush, City Attorney <br />C.M. CENTERPROP, INC. ~ l <br />~ `~ ~' <br />n ~ ~ <br />It47. F <br />r. <br />CITY OF PLEASAI~TON <br />City Manager <br />(Agreement\CMCENTER.sam) 2 <br />