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l . . <br /> � , r • �UL1K2444 PAGE��l�Cr <br /> Treasurer, and shall be made in one (1) installment. It is <br /> the purpose of this payment, and the intent of the parties <br /> hereto, to abate that portion of real property tax caused by <br /> said annexation of the south 360 feet of Lot 1. However, if <br /> said south 360 feet of Lot 1 is subdivided during the term <br /> of this agreement, as defined in the Subdivision Ordinance, <br /> or if the same, or any portion thereof, is sold or leased, <br /> except tenant farmers, or if a building permit is issued for <br /> same, then the City liability for such payments shall cease <br /> and terminate. <br /> 6. After such subdivision and annexation as described <br /> herein, the Owners shall dedicate and convey to the City, by <br /> warranty deed, the south 30 feet of the Premises. <br /> 7. At such time as the City installs curb and gutter <br /> on Fitzgerald Road adjacent to the Premises, the Owners <br /> shall reimburse the City for the cost thereof; provided <br /> that, in no event shall the Owners be liable to the City for �� <br /> � any sum greater than Two Thousand Two Hundred Fifty Dollars <br /> ($2,250) for such reimbursement. <br /> 8. The Owners shall not be liable to the City for the <br /> cost of any improvements to Fitzgerald Road, inEluding <br /> sidewalks, except for those expressly mentioned in paragraph <br /> 7 hereof. Nothing herein, however, shall be construed so as <br /> to preclude the City from assessing the heirs, successors or <br /> assigns of the Owners for such costs, as provided by law. <br /> 9. Connection or tapping fees due to the City for <br /> water or sewer service to Lot 1, or any portion thereof, <br />