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1989, ch. 24, par. 7-1-8, said petition to describe the <br /> Premises and to request that the same be annexed to and <br /> included within the corporate limits of the City. Persons, <br /> firms or corporations who acquire any legal or equitable <br /> interest in the Premises, or any portion of same, after the <br /> date of this Agreement, and after said Agreement has been <br /> recorded with the Recorder's Office of Macon County, hereby <br /> consent to B & R executing such petition on behalf of each <br /> of said persons, firms or corporations, and this covenant <br /> shall run with the land and is hereby expressly made binding <br /> on all successors, grantees and assigns of B & R, in <br /> addition to those covenants referred to in paragraph 15 <br /> hereof. <br /> 2 . The City hereby waives any requirement otherwise <br /> applicable that B & R pay to the City any fee for filing the <br /> petition referred to in paragraph 1. hereof. <br /> 3 . Upon receipt of said annexation petition, the City <br /> � shall annex the Premises to the City as provided by law. <br /> 4. Upon compliance by B & R with all applicable <br /> requirements of Ordinance No. 80-56, as amended (the <br /> "Subdivision Ordinance") , the City shall permit the <br /> subdivision of said Premises into lots with minimum areas of <br /> one-half (1/2) acre. <br /> 5. If the Premises are subdivided as described in <br /> paragraph 4 hereof, said lots may be served by septic <br /> systems rather than sanitary sewers; provided that, such <br /> septic systems must be in full compliance with all <br /> applicable statutes, ordinances and regulations of the State <br />