Laserfiche WebLink
1 <br />2 <br />31 <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 />WHEREAS, payments by the City pursuant to the Installment <br />Purchase Agreement will be used in part by the Authority for payment <br />of the principal of, premium, if any, and interest on the bonds issued <br />by the Authority to finance the acquisition, replacement, <br />construction, installation and/or reconstruction of the Facilities. <br />NOW, THEREFORE, the City Council of the City of Colton, <br />California, does ordain as follows: <br />1. The City hereby approves the entering into by the City <br />of a leaseback agreement, such leaseback agreement to be in the form <br />of the Installment Purchase Agreement. <br />2. Pursuant to Section 54241 of the Government Code of the <br />State of California, this Ordinance is subject to the provisions for <br />referendum applicable to the City as set forth in the Election Code of <br />the State of California. <br />3. The City Clerk shall certify to the enactment of this <br />Ordinance and shall cause this Ordinance to be published in accordance <br />with Section 54242 of the Government Code of the State of California. <br />4. Thirty (30) days from and after its enactment, this <br />Ordinance shall take effect and be in full force, in the manner <br />provided by law. <br />LA01 \6169\18242.3 <br />2 <br />95490.2 <br />