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in amounts sufficient to cover said disbursements. The Agency <br />agrees to use such proceeds only for the purposes provided for in <br />State law. <br />3.4 Repayment. The Agency agrees to repay any and all <br />funds borrowed from the City as soon as possible but not later <br />than one (1) year from the receipt of the funds. <br />IN WITNESS WHEREOF, the City and Agency have executed this <br />Agreement as of the date first above written. <br />ATTEST: <br />City Clerk <br />ATTEST: <br />Secretary <br />CITY OF COLTON, a municipal <br />corporation <br />REDEVELOPMENT AGENCY FOR THE <br />CITY OF COLTON, a public body, <br />corporate and politic <br />Chairman <br />-2- <br />