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Sources of funding are as follows <br />$252,544.82 Amount to be collected from Special Tax <br />FISCAL IMPACT; <br />The above budget will allow the district to meet its debt service <br />requirement and to continue to provide existing service levels. <br />There is no added cost to the City's General Fund for any of these <br />activities. <br />RECOMMENDATION: <br />Waive full reading and approve first reading of an ordinance <br />setting the tax rate for CFD 88-1, by title as follows: <br />AN ORDINANCE OF THE CITY COUNCILOF THE CITY OF COLTON, <br />CALIFORNIA, AUTHORIZING THE LEVY OF A SPECIAL TAX IN COMMUNITY <br />FACILITIES DISTRICT NO. 88-1. <br />Attachment: Tax Levy <br />Ordinance <br />City Manager Concurrence <br />