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the purpose of estabiishiny the Regional Shopping Center and peripheral <br />uses on said property. In connection with the development of the <br />Regional Shopping Center, it will be necessary that there be established <br />adequate sewer system, storm drain system, collateral and ring and <br />magazine roads for access, and major improvements to Stoneridge Drive, <br />East and West, Foothill Road and the overpass over Interstate Highway 680, <br />and future traffic circulation improvements. To this end Developer, <br />Stoneson and City propose to finance the required public works involved <br />by special assessment proceedings hereinafter set forth. A water reservoir <br />and appropriate water lines necessary to service the Shopping Center and <br />adjacent properties will be the obligation of the City alone. <br />B. Specific projects proposed to be done. The specific public <br />improvements necessary to enable the construction and operation of the <br />Regional Shopping Center are contemplated to be funded, as hereinafter <br />more particularly described: <br />1. Assessment District No. 1974-1. <br />The purpose of this assessment district is to provide <br />a portion of the funds necessary for grading, paving, concrete work <br />storm and sanitary sewers, street lighting and signalization on Foot- <br />hill Road and, if necessary, acquisition of necessary rights of way. <br />The County of Alameda is expected to contribute $250,000 to the total <br />cost. The City will contribute $130,000 of the total cost, which shall <br />be reimbursed to the City by the Developer, in cash, on or before <br />June 30, 1975. <br />2. Assessment District No. 1974-2. <br />The purpose of this assessment district on the Shopping <br />Center is to provide for the construction of the Freeway I-680 over- <br />crossing at the Stoneridge Drive intersection. City will contribute <br />- 3 - <br />F <br />