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COLTON PUBLIC FINANCING AUTHORITY REPORTS AND RECOMMENDATIONS: <br />Approve and Adopt a Resolution of the Board of Directors of the Colton Public <br />Financing Authority Approving the Issuance of Not to Exceed $50,000,000 Aggregate <br />Principal Amount of Bonds, Approving an Installment Purchase Agreement, an <br />Indenture of Trust, and an Official Notice of Sale, Authorizing the Delivery of a <br />Preliminary Official Statement, Approving the Appointment of a Trustee, and <br />Authorizing certain actions in Connection Therewith, CITY RESOLUTION NO R-77- <br />02 and CPFA RESOLUTION NO. CPFA 2002-03. MOVE FORWARD <br />CITY CLERK ITEM: <br />Approved and Adopted a Resolution Calling and Giving Notice of a General Municipal <br />Election to be held, Tuesday, November 5, 2002 and Requesting the County of San <br />Bernardino to Render Specified Services, RESOLUTION NO. R-78-02. <br />Motion/second CM DeLaRosa/CM Zamora to approve and adopt Resolution No. R-78- <br />02. Unanimous Vote. <br />STAFF REPORTS: <br />CITY MANAGER'S REPORTS AND RECOMMENDATIONS: <br />City Manger Parrish announced that Council will adjourn the Regular Meeting to July <br />16, 2002 at 5:00 p.m. for a Regular City Council, Redevelopment Agency and Colton <br />Utility Authority meeting in the Council Chambers of the City Hall. <br />CITY ATTORNEY'S REPORTS AND RECOMMENDATIONS: <br />CLOSED SESSION: <br />City Attorney Dean Derleth announced that the Council Members would meet in <br />Closed Session to discuss Item B. only as listed below: <br />A. CONFERENCE WITH LEGAL COUNSEL - EXISTING_ LITIGATION <br />Pursuant to Government Code Section 54956.9(a) <br />City of Colton, et al. v. Allan Steward, et al. <br />Case Number : San Bernardino County Superior Court No. SCV 87040 <br />B. CONFERENCE WITH LEGAL COUNSEL - ANTICIPATED LITIGATION <br />Significant Exposure to Litigation Pursuant to Government Code Section <br />54956.9(b) <br />Number of Potential Cases: 1 <br />E:3 <br />