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1 <br />2 <br />3 <br />4 <br />5 <br />6 <br />7 <br />8 <br />9 <br />10 <br />11 <br />12 <br />13 <br />14 <br />15 <br />16 <br />17 <br />18 <br />19!, <br />201 <br />21 <br />22 <br />23 <br />24 <br />25 <br />26 <br />27 <br />28 <br />KRW61346 <br />not exempt from the special tax, proposed to be included within <br />the CFD; and <br />WHEREAS, on November 6, 1990, a special election was <br />held within the CFD (the "Election") in which all persons owning <br />real property within the boundaries of the CFD and voting at the <br />Election approved, by at least two-thirds (2/3) of the votes cast <br />at the Election, propositions relating to the incurring of bonded <br />indebtedness in an amount not to exceed $10,000,000, the levying <br />of a special tax on all non exempt real property within the <br />boundaries of the CFD as set forth in the rate and method of <br />apportionment of the special tax, as defined below, (the "Special <br />Tax," and/or "Special Taxes") and the setting of an appropriations <br />limit within the CFD; and <br />WHEREAS, a "Notice of Special Tax Lien" for Community <br />Facilities District No. 90-1 (Mount Vernon Corridor) of the City <br />of Colton (the "Notice of Special Tax Lien") was filed with and <br />recorded by the County Recorder for the County of San Bernardino, <br />State of California pursuant to Section 3114.5 of the Streets and <br />Highways Code of the State of California; and <br />WHEREAS, all Special Taxes levied by the City are <br />secured by a continuing lien which shall continue in full force <br />and effect until the Special Tax obligation is prepaid, <br />permanently satisfied or cancelled in accordance with Section <br />53344 of the Act or until the Special Tax ceases to be levied by <br />the City Council in the manner provided in Section 53330.5 of the <br />Act; and <br />WHEREAS, the City has issued and sold $4,755,000 Commu- <br />nity Facilities District No. 90-1 (Mount Vernon Corridor) of the <br />-2- <br />