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CITY OF COLTON <br />and <br />REDEVELOPMENT AGENCY FOR <br />THE CITY OF COLTON <br />SANTA ANA RIVER PUBLIC WORKS PROJECTS FUNDING <br />and <br />CONSTRUCTION MANAGEMENT AGREEMENT <br />THIS SANTA ANA RIVER PUBLIC WORKS PROJECTS FUNDING AND <br />CONSTRUCTION MANAGEMENT AGREEMENT (the "Agreement") is dated as of March 20, <br />2001, by and between the City of Colton (the "City") and the Redevelopment Agency for the City <br />of Colton (the "Agency") and is entered into in light of the facts set forth in the following paragraphs <br />of the Recitals: <br />- - RECITALS - - <br />WHEREAS, the Redevelopment Agency for the City of Colton (the "Agency") may, <br />with the consent of the City Council of the City of Colton (the "City"), pay for all or a part of the <br />cost of the installation and construction of any building, facility, structure or other improvement <br />which is publicly owned either within oroutside of the redevelopment project area of the Santa Ana <br />River Redevelopment Project (the "Project Area") as set forth in Health and Safety Code Section <br />33445;and <br />WHEREAS, the Agency has obtained a loan of funds from the Colton Public Finance <br />Authority (the "Authority")pursuant to the terms and conditions of loan agreement, entitled "Loan <br />Agreemeht (Santa Ana River Redevelopment Project)" dated as of April 1, 1998 (the "1998 Santa <br />Ana River Loan Agreement") which authorizes the Agency to draw certain funds from the "Santa <br />Ana River Bond Account" in an aggregate amount not'to exceed $4,102,317.01, as a loan from the <br />3/20/01 ct <br />S132001 70602 Page 1 of 12 <br />