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from tYie Special Fund monies to make the annual payments of principal <br />and interest required to service the bonds which shall be issued by this <br />district, all as more particularly set forth below. <br />3. Assessment District No. 1974-3. <br />The purpose of this assessment district is to construct <br />storm and sanitary sewers, and water systems on or adjacent to the <br />Shopping Center. City will make no contribution to the funding of these <br />costs . <br />4. Assessment District No. 1974-4. <br />The purpose of this assessment district is for the <br />construction of the east and west extensions of Stoneridge Drive, to- <br />gether with the acquisition of rights of way necessary thereto. The <br />City and the Developer agree that the funds necessary to acquire rights <br />of way and improve Stoneridge Drive east of I-680 will be raised initially <br />by an assessment district on the Shopping Center. The cost of necessary <br />rights of way and such work and improvements of Stoneridge Drive east <br />of I-680 and requisite assessment district costs shall be borne one-half <br />(1/2} by the Developer and one-half (1/2) by the City, with the City's <br />contribution to be paid from the Special Fund. If any contributions <br />toward such work and improvement are made by benefited property owners <br />east of I-680 prior to the recordation of the lien of assessment district <br />1974-4, such contributions will reduce the assessment allocable to <br />the cost of land and improvements made to Stoneridge Drive east of <br />I-680. If contributions or assessments are made by benefited property <br />owners after the recordation of the assessment lien, the same shall be <br />shared by the City and the Developer in equal proportions to a maximum <br />of the total amount of the assessment attributable to the acquisition <br />of rights of way and the improvement of Stoneridge Drive east of I-680. <br />- 4 - <br />F <br />