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No loans, advances, or indebtedness to finance, in whole or in part, the <br />Project and to be repaid from the allocation of taxes shall be established or <br />incurred by the Agency beyond ten (10) years from the effective date of <br />this Ordinance. <br />Eminent domain proceedings, if necessary to acquire property within the <br />Project Area, shall be commenced not later than 12 years from the <br />effective date of this Ordinance. <br />2. The City Clerk is directed, upon the effective date of this Ordinance, to <br />attached a true and correct copy of this Ordinance to the official copies of <br />the Redevelopment Plan for Redevelopment Project No. 1 held in the <br />office of the City Clerk. <br />3. The City Clerk shall certify to the passage of this ordinance and cause a <br />copy thereof to be published as required by law in a newspaper of general <br />circulation in the City of Colton, and this ordinance shall take force and <br />be in effect after its passage in the manner provided by law. <br />PASSED, APPROVED AND ADOPTED this 2nd day of December ,1986. <br />APPROVED AS TO FOR <br />4q't'. <br />City Attorney <br />Agency Counsel <br />ATTEST: <br />y4A-"J Z�" <br />City Clerk <br />City of Colton <br />2 <br />MayoZZ <br />r <br />City of Colton <br />