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11 <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 />20 <br />21 <br />22 <br />23 <br />24 <br />25 <br />26 <br />27 <br />28 <br />ORDINANCE NO. 0-25-92 <br />ORDINANCE OF COMMUNITY FACILITIES <br />DISTRICT NO. 90-1 (MOUNT VERNON <br />CORRIDOR) OF THE CITY OF COLTON <br />AUTHORIZING THE LEVY OF A SPECIAL <br />TAX WITHIN COMMUNITY FACILITIES <br />DISTRICT NO. 90-1 (MOUNT VERNON <br />CORRIDOR) OF THE CITY OF COLTON <br />WHEREAS, by adoption of Resolution Nos. R-120-90, and R-121- <br />90 on October 30, 1990, and adoption of Resolution No. R-126-90 on <br />November 6, 1990 the City Council of the City of Colton (the "City <br />Council") established Community Facilities District No. 90-1 <br />(Mount Vernon Corridor) of the City of Colton (the "CFD"), <br />authorized the levy of a special tax, as defined below, on all <br />non-exempt real property within the boundaries of the CFD and <br />determined the necessity to incur bonded indebtedness in an amount <br />not to exceed $10,000,000 in accordance with all applicable notice <br />an hearing requirements of the Mello -Roos Community Facilities Act <br />of 1982, as amended (Section 53311 and following of the Government <br />Code of the State of California) (the "Act"); and <br />WHEREAS, the special tax proposed to be levied on all non- <br />exempt real property within the boundaries of the CFD to pay for <br />the principal of, premium, if any, and interest on bonds issued by <br />the CFD and to pay for the costs of equipping, acquiring and/or <br />constructing all the proposed facilities has not, pursuant to <br />Section 53324 of the Act, been eliminated by protest by fifty <br />percent (50%) or more of the registered voters or six registered <br />voters, whichever is more, residing within the territory of the <br />CFD or the owners of one-half (1/2) or more of the area of land, <br />