2002 CC/RDA/CUA SPE CPFA MIN Jul 2

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chooses not to participate in the Sister City Program. CM Hernandez provided a translation of the Agreement in Spanish. The finalized documents will be in English and in Spanish. PUBLIC COMMENT: The following citizens addressed the City Council in support of the Sister City Program: Fred Cordova Motion/second by CM Chastain/CM DeLaRosa to approve the Sister City Agreement and to participate in the July 5, 2002 ceremony, that will be held at Fleming Park at 6:00 p.m. that will acknowledge Rio Grande, Zacatecas as Sister City with the City of Colton. Unanimous Vote. BOARDS AND COMMISSIONS: None AGENDA REVIEW: Mayor Bennett requested that Item 24 be moved forward before the Consent Calendar with no opposition from the members. COLTON PUBLIC FINANCING AUTHORITY REPORTS AND RECOMMENDATIONS Approved and Adopted Resolutions of the Board of Directors of the Colton Public Financing Authority approving the issuance of Not To Exceed $50,000,000 Aggregate Principal Amount of Bonds, approving an Installment Purchase Agreement, an Indenture of Trust and an Official Notice of Sale, authorizing the delivery of a Preliminary Official Statement, authorizing execution of an Official Statement, approving the appointment of a Trustee and authorizing certain actions in connection therewith, CITY RESOLUTION NO. R-77-02 and CPFA RESOLUTION NO. 2002- 03. Electric Utility Director Clarke presented for Councils consideration and approval of staff's recommendation. City Manager Parrish added that this item was also related to Item 12 and advised of the need to be approved at the same time. Electric Utility Director Clarke further clarified the relationship of Item 12 with 24. Discussion between staff and members followed. Motion/second by CM Mitchell/CM Zamora to approve and adopt Resolution No. (s) R- 77-02 and CPFA 2002-03. Unanimous Vote. C!