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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 -119- <br />A RESOLUTION OF THE CITY COUNCIL FOR THE CITY OF <br />COLTON, CALIFORNIA, TRANSFERRING A PORTION OF ITS <br />APPROPRIATIONS LIMIT UNDER ARTICLE XIIIB OF THE <br />CONSTITUTION OF THE STATE OF CALIFORNIA TO THE <br />REDEVELOPMENT AGENCY FOR THE CITY OF COLTON <br />WHEREAS, the Redevelopment Plan for the Cooley Ranch <br />Redevelopment Project (the "Redevelopment Plan") was adopted and <br />approved by the City of Colton, California (the "City") and <br />became effective on July 29, 1975, and all requirements of law <br />for and precedent to the adoption and approval of said <br />Redevelopment Plan have been duly complied with; and <br />WHEREAS, the Agency has adopted a Sales and Use Tax <br />Ordinance pursuant to Section 7202.6 of the Revenue and Taxation <br />Code. <br />NOW, THEREFORE, THE CITY OF COLTON DOES HEREBY RESOLVE, <br />ORDER AND DETERMINE AS FOLLOWS: <br />Section 1. There shall be transferred from the City <br />to the Agency an amount of its appropriations limit under Article <br />XIII of the Constitution of the State of California equal to the <br />sales and use tax levied by the Agency in the Cooley Ranch <br />Redevelopment Project for any fiscal year the Agency levies such <br />taxes. <br />-1- <br />