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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 />18 <br />19 <br />20 <br />21 <br />221 <br />23 <br />24 <br />25 <br />26 <br />27 <br />28 <br />THE CITY COUNCIL OF THE CITY OF COLTON DOES ORDAIN AS FOLLOWS: <br />SECTION 1. Approval. Time limitations on incurring debt for the existing <br />Redevelopment Plans for Downtown No. 1 (December 2, 1996), Downtown No. 2 (December 2, <br />2001), Cooley Ranch, as amended (January 1, 2004), Santa Ana River (December 29, 1997), <br />West Valley (July 15, 2006), as amended (June 30, 2007), and Mt. Vernon Corridor (June 30, <br />2007) are hereby eliminated pursuant to the provisions of Health and Safety Code §33333.6(e)(2) <br />and the Agency shall be eligible to incur debt during the term of the existing Redevelopment <br />Plans for Downtown No. 1, Downtown No. 2, Cooley Ranch, as amended, Santa Ana River, <br />West Valley, as amended, and Mt. Vernon Corridor. <br />SECTION 2. Further Acts. The City Clerk is hereby authorized and directed to <br />certify the passage of this Ordinance. <br />SECTION 3. Effective Date. This Ordinance shall take effect thirty (30) days after <br />its adoption. <br />PASSED, APPROVED AND ADOPTED this 2nd day of March, 2004. <br />ATTEST: <br />CAROLINA P. BARRERA <br />City Clerk <br />RIVPUB/MXM/653630 2 <br />DEIRDRE H. BENNETT <br />Mayor <br />