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2. Binding Upon Subsequent Owners of These Parcels. This <br />Agreement shall run with the land and shall bind any successors <br />in interest, heirs, assigns, and any subsequent owners of the <br />property described in paragraph 1 of this Agreement. <br />3. Annual Report. Owners shall submit an annual report to <br />the City of Pleasanton Planning Director, signed by all of the <br />then occupants of the dwelling units on the four parcels, <br />confirming that Owners have complied on all respects with this <br />Agreement. <br />4. Conveyance. If any of the four parcels is sold during <br />the three-year period after the recording of Parcel Map 5976, the <br />provisions of Chapter 17.04 of the Pleasanton Municipal Code, <br />particularly sections 17.04.100(C) and 17.04.100(D), which <br />pertain to elderly and handicapped tenant rights, tenant <br />relocation assistance, and tenant purchase assistance, shall be <br />applicable to any occupant or tenant of the dwelling unit on such <br />parcel. <br />5. Disputes. Disputes arising as to this Agreement such <br />as, but not limited to, rent increases or relocation assistance <br />shall be resolved by the City Manager. Any appeal from the <br />Manager's decision shall be in writing addressed to the City <br />Council. Final City Council action shall be required before any <br />legal proceeding based on this Agreement is commenced. <br />6. Term. This Agreement shall be effective for three (3) <br />years from the date Parcel Map 5976 is recorded. <br />3 <br />