Ordinance No. 124 - Land Development TrustsORDINANCL NO. 2 4
AN-.bkdli1ANGE OF THE CITY OF RO.SEMEAD
PRO.VID NG, zAwk LAND DEVELOPMENT TRUSTS
AND XMftbtk THE ROSEMEAD MUNICIPAL CODE.
'TNE dift eoWbit 4 TkE CITY OF ROSEMEAD DOES HEREBY ORDAIN AS
-"FOLLOWS4
j S c b Akticle IX of the Rosemead Municipal
"60:4e is 'am_eMd_eU by dditig thereto a new Chapter,5 to read:
9500
9501
9
G~1~APTp~t S Wb DEVELOPMENT TRUSTS
Purpose. :Rite putpbdd of ;this Chipi6r is to foster.
tMe orderly development and proper planning o£. areas
to be developed through subdivisions approved pursibant
-.to Chapter 2 or Chapter 4 of Article IX of this Codes
and impartially to encourage the collective subdivision
of all contiguous parcels properly includable under one
plan orwithin one subdivision. To this end the
Planning Commission or City Council may in connection
with a subdivision approval, approve reasonable.measures
for reimbursement of a subdivider for a portion or
portions of the cost incurred by such subdivider in
developing improvements for dedication to the.ptublic
in connection with such subdivision, to the extent:
that such improvement costs will ultimately directly.
benefit properties not embraced within such subdivision.
The proper development of many areas may require the
installation, of improvements for dedication to.the
public in connection with a subdivision, not required
by such subdivision alone, but essential for the
development of nearby property, and adequate.provision
may be made for.the eventual spreading of such
:improvement coats and interest thereon over areas
'actually benefited thereby, when and if such areas avail
themselves of such benefits.
Provision for. Reimbursement. Properties abutting but
...not within a su iv lion or approved plan fora sub-
division, in which improvements,which.are to be,
dedicated.to the public, are made at the cost of the
subdivider or.party submitting the plot plan for
the subdivision-, may.-be precluded from access to or
useof such improvements until payment is provided
for or made, of a fair pro rata share of such
improvement costs, proportionate to the benefit received,
and any,interest thereon. Such precluding of access
maybe provided for.by the granting of intervening
property in trust to an impartial corporate title
holder upon such conditions as are found and determined
to be fair and equitable to each party using or
desiring to use said improvements and to the inhabitants
of the City generally or by such other or further means
as may be approved,..by the Planning Commission if-Sts
action on such subdivision shall be final,,and if not,.
by the City Council after recommendation by the Planning
Commission. The Secretary of the Planning Commission or
the-City Clerk shall cause timely notice of all..-
determinations by the Planning Commission or City
Council respectively, made within the scope of this
Chapter to be sent to the owners of all properties
found by the body taking final action to be directly
benefited by the improvements to be constructed in
connection with the subdivision.
9502 Expiration. Land development trusts executed pursuant
to this CTiapter shall expire at the end of twenty-
five (25) years from the date of creation thereof,
unless sooner terminated in accordance with the
terms and conditions established when such trusts
are created.
PASSED, APPROVED, and ADOPTED this 28th day of
January, 1964.
ATTEST:
CITY CLERK
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