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y' : <br /> . . _ 5 ` <br /> any portion of the Premises; provided that, this paragraph shall <br /> not app1X to any portion of the Premises that are develop�d to <br /> the �xtent that bu�ldings have been eonstructed thereQz�. <br /> 9 . During the term of this agreement and subject t�o <br /> pa�c�graph IO hereof, and as limited Y�erein, the City sh��l pay to <br /> OwnEyrs, or their heirs , successors and assigns, annually, �,n <br /> amount equal �.o the real prop�rty �a� ].evied by the City for <br /> whic�h the owners of the Premises are liable during that year. <br /> Sucri payment sha11 be made by fi�he City updn presentment to the <br /> Fin���nce Department of a copy o� the tax bil.l far said Premises as <br /> preXy�red by the Macan County Treasurer and shalx be made in, one <br /> (1 ? installznent. It i� th� purpose af this paymen�, and the <br /> in�ernt ��' th� parties hereto, to abat�e that portion of real <br />, pro���r�y tax levied by the City. <br /> 10 . If the Pr�mises are subd�.vided durin the term o.� <br /> � <br /> this agreement, as defined in Ord�.nance No. 80-56 of �he City <br /> { "Subc�ivision Ordir�ance) , �hen the City shall be �iable only for <br /> payrr�ents , as described in paragraph 9 , for property no� covered <br /> by an approved final p1.at. <br /> 11 . The Owners, or their successors or asszgns, shall, <br /> wa.thin sixty { 60) days of the e�tecution of this agre�ment, convey <br /> to the City, by warranty deed, Pareel #7, Parcel #8, Parcel #9, <br /> Pazcel #10 and parcel #11 . pwnexs, or their successors or <br /> ass�gns, shall retain all mineral r�,ghts and, fur�her, the <br /> conveyance shall be subject to any exi.sting lease of the minera]. <br /> rights. Owners, or their successors o.r assigns, shall also <br /> retain all farming r�ghts so long as sueh retention of farming <br />