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Fees shall be subject to annual adjustments by the Town as specified in the then current "Town of Los Altos Hills Policy, Procedures and Guidelines— Sanitary Sewer Reimbursement Agreements" document, Exhibit C attached hereto, or its replacement document. The Town and Property Owner acknowledge that the total amount that the Property Owner may be reimbursed for the Sanitary Sewer Extension is an amount totaling ninety seven thousand five hundred nineteen dollars and fifteen cents ($97,519.15 ) plus annual adjustments and processing fees as set forth in Exhibit B. AGREEMENT NOW, THEREFORE, for good and valuable consideration,the receipt and adequacy of which are hereby acknowledged, the parties hereby agree as follows: 1.. The Town will collect the Usage Fee for each Future User as indicated in Exhibit B upona request by.a Future User to connect to the. Sanitary Sewer Extension ("Connection Request"), or upon notice to. a Future User that it subject to a Town requirement that the Future User connect to the Sanitary Sewer Extension ("Connection Requirement Notice"). The Town shall be entitled to collect the Usage Fee at any time after a Connection Request or Connection Requirement Notice, and prior to a hook-up by a Future User to the Sanitary Sewer.Extension. 2. Upon collection of the Usage, Feefrom a Future User, the Town shall add an administrative fee of five percent(5%) to the Usage Fee to pay the costs incurred by the Town in connection with the administration of this Agreement("Administrative Fee"). 3. . . On December 31 of each year during which this Agreement is in effect, the Town shall pay to Property Owner anyand all funds collected pursuant to Paragraph 1 above. The Town shall make the.check payable to Ashok Sinha and:shall send such check to Property Owner at 14317 Miranda Way, Los Altos Hills, CA 94022 or to such future address as Property Owner may hereafter inform the Town of, in writing. 2