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City Council Meeting – February 17, 2009 <br />Deferred Improvement Agreement—MTG Holdings, LLC <br />Page 2of2 <br />ALTERNATIVES: <br />1. Reject the Deferred Improvement Agreement with MTG Holdings, LLC, and do not allow <br />use of the property at this time. <br />FISCAL IMPACT: <br />Minimal positive impact; use of the property requires the Applicant to obtain a Business <br />Occupancy Permit, City Business License, and pay any business license tax to the City General <br />Fund based on gross annual revenue. <br />ENVIRONMENTAL IMPACT: <br />None, the Design Review Committee approved a Notice of Exemption for the proposed project. <br />CONFLICT OF INTEREST: <br />Ted Honcharik, CEO <br />Pacific Tank Lines and MTG Holdings, LLC <br />4344 Latham Street, #230 <br />Riverside, CA 92501 <br />(951) 683-1900 <br />RECOMMENDATION: <br />Staff recommends that the City Council approve the Deferred Improvement Agreement between <br />the City of Colton and MTG Holdings, LLC, and authorize the Mayor to execute the Agreement on <br />behalf of the City. <br />Attachment: Deferred Improvement Agreement <br />REVIEW TEAM ONLY <br />City Attorney: T�) • CkI)wkLk Finance Director: <br />City Manager: OTHER: <br />