Where property is to be annexed to the city on petition of all owners of record of property in the territory sought to be annexed, (being annexations pursuant to Sections 5/7-1-1 and 5/7-1-8 of the Illinois Municipal Code of 1961, as amended [65 ILCS 5/7-1-1 and 5/7-1-8]), which annexation territory includes one or more county roads, township roads or other public rights-of-way the design and/or construction of which does not meet the standards required for street design and construction established by the city’ s municipal code, as determined by the city council with the advice of the city engineer, before annexation of the property to the city, the city council may require the property owners to make and enter into an annexation agreement (as authorized by Division 15.1 of the Illinois Municipal Code of 1961, as amended, [65 ILCS 5/11-15.1-1, et. seq.]), with the property owners to require that the public ways be upgraded by the property owners to comply with the city’ s municipal code (as the city’ s codes exists on the date of the annexation or as the city code exists at the time the road improvements are required to be made by the annexation agreement, whichever the city shall decide). The annexation agreement may provide for, among other things, dedication of property to be utilized for street right-of-way, and/or drainage, and may provide for the property owners paying or contributing to the costs of widening, surfacing and/or resurfacing the subject roadways and such other improvements to the roadway as the city shall determine. (Ord. 1329 § 1 (part), 1995: prior code § 33-8-2)