THEOBALD, DAVID - Laserfiche WebLink

(i) that this contract will enforccably restrict the adjusted boundaries of said property for an initial term for at least as long as the unexpired term of the rescinded Initial Contract, but for not less than ten (10) years; (ii) that there is no net decrease in the amount of acreage restricted; (iii) that at least ninety (90) percent of the land under the Initial Contract remain under this contract; (iv) that, after the lot line adjustment anticipated by these recitals, those portions of the said property subject to this contract will be large enough to sustain agricultural use; (v) that said lot line adjustment would not compromise the long -term agricultural productivity of said property or other agricultural lands subject to a land conservation contract; (yi) that said lot line adjustment is unlikely to result in the removal of adjacent land from agricultural use; and (vii) that said lot line adjustment does not result in either a greater number of developable parcels than existed prior to the adjustment or an adjusted lot that is inconsistent with the City's general plan. WHEREAS, the Owner and the City desire to enter into, and intend that this contract shall constitute an enforceable restriction to open -space land as defined and used in the California Revenue and Taxation Code; NOW, THEREFORE, both Owner and City in consideration of the mutual promises, covenants and conditions herein contained and the substantial public benefits to be derived therefrom, do hereby agree as follows: 1. CONTRACT SUBJECT TO THE CALIFORNIA LAND CONSERVATION ACT OF 1965. This contract is made and entered into pursuant to the California Land Conservation Act of 1965 (Chapter 7 of Part 1 of Division 1 of Title 5 of the Government Code of California commencing with Section 51200) and is subject to all of the provisions thereof. 2. RESTRICTION ON USE OF PROPERTY. During the term of this contract, or any renewal thereof, said property shall not be used for any purpose, other than agricultural uses for producing agricultural commodities for commercial purposes and compatible uses, which uses are set forth in Exhibit B attached hereto and incorporated herein by reference. 3. DESIGNATION OF ADDITIONAL COMPATIBLE USES. The City Council may, from time to lime, during the term of this contract or any renewal thereof, by resolution add to those uses set forth in Exhibit B other uses which are compatible