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1. The bonds to be issued will mature over a period of twenty-four (24) years next following the second day of July next succeeding ten (10) months from their date. 2. Properties within the boundaries of said assessment districts are to be assessed in accordance with the benefits received by said properties as a result of the acquisitions and improvements to be made. C. The general procedures to be followed in consummating said assessment district proceedings are as follows: 1. Special assessment proceedings will be initiated, neces- sary hearings will be held thereon and, provided the City Council of City at the time of said hearings determines that the proceedings should go forward and assessments be levied in accordance with benefit, the Engineer's Report will be adopted and the assessments will be levied. No recordation of the assessment liens will occur until satisfaction of all of the conditions set forth below in Paragraph III-D-1, provided however, the assessment liens for Assessment District No. 1974-1 for improvements to foothill Road may be recorded when ready without being subject to such limitations. 2. All public improvements shall be constructed in accordance with the standards and requirements of City and/or the State of California. 3. No improvements to the Shopping Center shall be planned, designed or paid for as part of the special assessment proceedings, including, but not limited to, any plans of Developer for such Shopping Center which shall include sidewalks, truck ramps for loading and un- loading, common areas of access for traffic within said Shopping Center or any other improvement to the Shopping Center other than the grading thereof, which will be necessitated by reason of the grading, filling and development of collateral roads. The Engineer of Work, however, - 6 - F