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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 />RESOLUTION NO. R-132-90 <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY <br />OF COLTON, CALIFORNIA APPROVING THE PURCHASE <br />OF REAL PROPERTY FOR USE AS A MUNICIPAL <br />PARKING FACILITY AND ACCEPTING SUCH PROPERTY <br />ON BEHALF OF COMMUNITY FACILITIES DISTRICT <br />NO. 90-1 (MOUNT VERNON CORRIDOR) OF THE CITY <br />OF COLTON <br />WHEREAS, pursuant to Section 53321 of the California <br />Government Code, the City Council (the "City Council") of the City <br />of Colton (the "City") has taken and completed proceedings to form <br />Community Facilities District No. 90-1 (Mount Vernon Corridor) of <br />the City of Colton, County of San Bernardino, State of California <br />(the "District"), for the purpose of providing and financing <br />certain public facilities, including municipal parking facilities <br />which are necessary to meet increased demands placed upon the City <br />as a result of development which will occur within the District; <br />and <br />WHEREAS, the City Council desires to purchase certain <br />real property for the purpose of providing a municipal parking <br />facility (the Parking Facility"); and <br />WHEREAS, the District has taken all actions and <br />proceedings necessary to authorize the issuance and sale of bonds <br />of the District, (the "Bonds") the proceeds of which will be used, <br />for among other things, the purchase of the real property for the <br />Parking Facility; and <br />WHEREAS, the City Council desires to purchase the real <br />property for the Parking Facility from proceeds of the Bonds, <br />when, as and if such Bonds are issued and sold; and <br />WHEREAS, the City Council has been presented with the <br />