The Legislature finds and declares the following: (a) The enforceability of contracts entered into pursuant to this article is necessary to permit the preferential taxation provided to the owners of land under contract, pursuant to Section 8 of Article XIII of the California Constitution. (b) The option granted to a city pursuant to Section 51243.5 to elect not to succeed to a contract may be held only by the city. (c) No contracting landowner has a reasonable expectation that a contract can be terminated immediately pursuant to this article without penalty.
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