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ORiGINAL <br />A G R E E M E N T <br />THIS AGREEMENT is entered into this 27 day of December <br />1967, by and between the CITY OF REDLANDS, a municipal cor- <br />poration (herein "City''), CITY OF REDLANDS PARKING AUTHORITY, <br />a parking authority, created pursuant to the Parking Law of <br />1949 (herein "'Authority"), REDLANDS SECURITY COMPANY, a <br />corporation (herein "Security"), and THE HARRIS COMPANY, a <br />corporation (herein "Harris"). <br />Recitals <br />1. Security intends to develop a shopping area con- <br />taining a major department store, additional retail stores <br />and an air conditioned mall (herein "Town Square") in the <br />area designated in black on Exhibit A, attached hereto, in <br />accordance with plans approved by the Planning Commission <br />and City Council, including all departmental requirements. <br />2. Said department store will be built in the area <br />designated in red on Exhibit A, with the solid red line <br />indicating the first floor of said building, and the broken <br />red line indicating the second, and possible third floors. <br />3. Harris has entered into a lease with Security to <br />occupy the department store for a thirty-year period, pro- <br />vided public parking is available, on a validation basis, <br />on parking lots designated in green on Exhibit A. <br />4. City has heretofore indicated its intent to vacate <br />those portions of Third Street, Fourth Street and State <br />Street designated in blue on Exhibit A (herein "vacated <br />property"') and to allow construction of Town Square, ac- <br />cording to the plans heretofore submitted to City. <br />5. Authority has heretofore secured a financial <br />SURR & HELLYER feasibility report from Stone and Youngberg, Municipal <br />ATTORNEYS AT LAW <br />SAN BERNARDINO, <br />CALIFORNIA <br />