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Sources of funding are as follows: <br />$700,000.00 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 />Thereisno added cost to the City's General Fund for any of these <br />services. <br />RECOMMENDATION: <br />Waive full reading and approve first reading of an ordinance <br />setting the tax rate for CFD 90-1, by title as follows: <br />ORDINANCE OF COMMUNITY FACILITIES DISTRICT NO. 90-1 <br />(MOUNT 'VERNON CORRIDOR) OF THE CITY OF COLTON AUTHOR- <br />IZING THE LEVY OF A SPECIAL TAX WITHIN COMMUNITY <br />FACILITIES DISTRICT NO. 90-1 (MOUNT VERNON CORRIDOR) <br />OF THE CITY OF COLTON <br />Attachment: Tax Levy <br />Ordinance <br />City Manager Concurrence <br />