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CC - 1959 - 84 - Authorizing Execution of Agreement• • RESOLUTION NO. 84 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ROSEMEAD AUTHORIZING EXECUTION OF AGREEMENT. THE CITY COUNCIL OF THE CITY OF ROSEMEAD DOES HEREBY RESOLVE AS FOLLOWS: WHEREAS, proceedings are pending before the City Council of the City of Rosemead for the annexation to the City of that certain territory designated as Annexa- tion Area No. 2; and WHEREAS, the major portion of said annexation area is under development as a shopping center and commercial development; and WHEREAS,'the development of a planned shopping center within the City of Rosemead would contribute sub- stantially to the revenues of the City from sales tax, would broaden and enhance the tax base of the City, would provide additional shopping and parking facilities for the citizens of Rosemead and would contribute to the development and economy of the City; and V:IEREAS, in order to annex said territory to the City it is necessary for a written agreement to be entered into with respect to the improvement of certain streets and the construction of certain water main facilities to service said annexation territory and the surrounding area, NOW, THEREFORE, it is resolved as follows: Section 1. The City Council hereby finds and determines that the public interest of the citizens of the City of Rosemead and a proper public purpose of said City will be served by the completion of said Annexation No. 2 to the City of Rosemead. Section 2. That it is in the public interest that Baldwin Avenue and Cedar Lane be improved by pavement, curbs, guttero, and sidewalk so as to provide for the proper movement of traffic upon the public streets adjacent to the proposed shopping center development and to provide sidewalks for- the convenience of pedestrians on the public easements adjacent to the proposed shopping center. Section 3. That it is in the public interest to provide an e?gtht inch water main along Baldwin Avenue from Valley Boulevard to Cedar Lane and along Cedar Lane, to pravide additicnal water supply, fire plug and facilities for fire protection and in addition an adequate water supply for the area adjacent to such water main. Section 4. That it is in the public interest for an agreement to be executed between the City of Rosemead and the developers of such proposed shopping center in order to provide for the annexation of said territory to the City of Rosemead with its corresponding benefits to the City and