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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 />is <br />19 <br />20 <br />21 <br />23 <br />24 <br />25 <br />WHEREAS, the Members have been requested by the SBIAe---� <br />to adopt this Resolution pursuant to the provisions of Section 11 <br />of the JPA Agreement and to thereby commit for the repayment of <br />the respective portion of the entire indebtedness of the <br />Financing on the basis of the current voting structure of the <br />Members as shall be evidenced by the Financing to be incurred by <br />the SBIAA; and <br />WHEREAS, the City of San Bernardino currently has two <br />(2) of the six (6) votes on the Board of the SBIAA since the date <br />of the voluntary resignation by the City of Redlands from the <br />voting membership of the SBIAA, and each of the other Members of <br />the SBIAA, including the city, County of San Bernardino and th,-' <br />Cities of Loma Linda and Highland shall each have one (1) of the <br />total of six (6) votes on the Board of the SBIAA. <br />NOW, THEREFORE, BE IT RESOLVED BY THE CITY OF COLTON, <br />AS FOLLOWS: <br />SECTION 1. The City hereby finds and determines <br />that the above set forth recitals are true and correct in all <br />respects. <br />26 SECTION 2. The City hereby approves the incurring <br />27 of the Financing by the SBIAA in the principal amount not tc/ <br />28 exceed $3,000,000. The City acknowledges the existence of the <br />