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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 />20 <br />21 <br />22 <br />23 <br />24 <br />25 <br />26 <br />27 <br />28 <br />incurred by and for Community Facilities Dis- <br />trict No. 90-1 (Mount Vernon Corridor) of the <br />City of Colton, County of San Bernardino, State <br />of California, for a maximum term of not more <br />than 40 years and with interest at a rate or <br />rates not to exceed 12 percent per annum, or <br />such other rate as may be the maximum interest <br />rate permitted by law, for the purpose of <br />providing public facilities within and for the <br />community facilities district, including the <br />design, construction and acquisition of street <br />improvements including signalization, grading, <br />paving, curbs and gutters, sidewalks, street <br />lights, medians and landscaping to Mount Vernon <br />Avenue between Colton Avenue and Olive Street; <br />acquisition and construction of public parking <br />lots including acquisition of land, paving, <br />lighting and landscaping adjacent to Mount <br />Vernon Avenue and between Colton Avenue and <br />Olive Street; and acquisition of land, rights- <br />of-way and easements necessary for any of those <br />facilities, and paying costs incidental to the <br />sale of bonds, the formation of the community <br />facilities district, and the design, construc- <br />tion, and acquisition of those public facil- <br />ities, including all costs and estimated costs <br />-4- <br />