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FINANCIAL IMPACT <br />There is no fiscal impact on the City of Colton as a result of this action. The Authority will monitor compliance <br />with the affordability conditions on any affordable units that are required by the State of California for this Bond <br />issue. The City will not occur any liability or any responsibility from this action or from the issue of this <br />obligation. <br />I:4= K9115111,1=12117_111[s]2 <br />Approve the issuance of Multifamily Housing Revenue Bonds by the California Statewide Community <br />Development Authority and the use of the proceeds for the financing of the purchase and rehabilitation of the <br />Colton Gardens Apartments and approve Resolution No. R -m-02 <br />Attachments <br />REVIEW TEAM ONLY <br />CityAttorney: joQTa akh (� Finance Director: l -A <br />City Manager: ' OTHER: <br />