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Premises and to request that the same be annexed to and included within the corporate limits of <br /> the City. Persons, firms or corporations who acquire any legal or equitable interest in the <br /> Premises, or any portion of same, after the date of this Ageement, and after said Agreement has <br /> been recorded with the Recorder's Office of Macon County, hereby consent to McCanes and <br /> Unruh executing such petition on behalf of each of said persons, firms or corporations, and this <br /> consent sha11 run with the land and is hereby expressly made binding on all successors, grantees <br /> and assigns of McCanes or Unruh, in addition to those consents referred to in paragraph 11 <br /> hereof. <br /> 2. The City hereby waives any requirement otherwise applicable that McCanes or Unruh <br /> pay to the City any fee for filing the petition referred to in paragraph 1 hereof. <br /> 3. That upon receipt of said annexation petition, the City shall annex the Premises to the <br /> City as provided by law. <br /> 4. Subject to paragraph 5 hereof, the City shall pay to Unruh, or his successors or assigns, <br /> annually, an amount equal to the real property t�levied by the City and Decatur City Library for <br /> which the owner of the Premises is liable during that year, beginning the first year such taxes are <br /> payable and each year thereafter to and including the payment due in 2000 for taxes accrued in <br /> 1999. Such payment sha11 be made by the City upon presentment to the Finance Department of a <br /> copy of the tax bill for said Premises as prepared by the Macon County Treasurer, and shall be <br /> made in one (1) installment. It is the purpose of this payment, and the intent of the parties hereto, <br /> to abate that portion of real property tax caused by the annexation of the Premises. <br />