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RESOLUTION NO. 60-55 INITIATING PROCEEDINGS FOR THE ANNEXATION OF TERRITORY TO THE CITY OF SANTA ANA, DESIG- NATING AN APPROPRIATE NAME OF "BAIMS ANNEX NO. 1" FOR SAID TERRITORY ~ND GIVING NOTICE OF PROTEST HEARING THEREON WHEREAS, at the request of property owners in t~e territory herein described, a description and map of said territory were presented ~ the Santa Aha Planning Commission, and said Commission approved the annexation of said territory, and said descri~ion and map were presented to the Boundary Commission of Orange County, Catiforala; NOW, THEREFORE, BE IT RESOLVED: That the City Council of the City of S~ta Aha hereby initiates proceedings for annexation of the territory herein described to the City of S~ta Ana for the ~llow- lng reasons: 1. That the area csn best be served by the City of Santa Ana with municipal services of the highest caliber anywhere obtain- able. 2. properties That said municipal services can be furnished to the in the territory at approximately half of the cost of the services offered by any other City that could serve ssid prop- erties. 3. That when the property in the territory is fully dev- eloped with commercial au d industrial buildings the savings to the owners in fire insurance premiums will be greater than all taxes paid to the City of Sm ta Ana. 4. That when and if the present owners of property in said territory desire to sell or lease their property, they will receive a higher cash return for the same than would be obtainable if said property were annexed to any other city, because of the recognized maturity, high quality, economy and integrity of the City Government of Santa Aha, the low bonded indebtedness of Santa Aha, and the many years of established annual reduction in the tax rate which nas made Santa Ana the leading City in the United States of America for continued annual reduction of the tax rate.