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Joint Public Hearing with Colton Public Financing Authority (CPFA) <br />(2) TIME AND PLACE FIXED TO CONSIDER THE CONTINUED PUBLIC HEARING FROM <br />JUNE 21, 2005, THE QUESTION OF WHETHER THE CITY SHOULD APPROVE THE <br />ISSUANCE BY THE COLTON PUBLIC FINANCING AUTHORITY OF ITS 2005 TAXABLE <br />LEASE REVENUE NOTE IN THE PRINCIPAL AMOUNT OF NOT TO EXCEED <br />$8,000,000 PURSUANT TO THE PROVISIONS OF THE ARTICLE 4 (COMMENCING <br />WITH SECTION 6584) OF CHAPTER 5 OF DIVISION 7 OF TITLE 1 OF THE <br />GOVERNMENT CODE OF THE STATE OF CALIFORNIA. THE PROCEEDS OF THE <br />BONDS, IF ANY ARE ISSUED, WILL BE ALLOCATED FOR THE PURPOSE OF <br />IMPROVING CERTAIN PROPERTY OF THE CITY FOR USE IN CONNECTION WITH A <br />RECREATIONAL FACILITY. <br />Mayor Announces the Public Hearing. <br />City Clerk Submits the Notice of Continuation and Reports on Protests or Objections <br />Thereto. <br />Staff Presentation. <br />After Hearing Public Comment, on Motion by Councilmember , Seconded by <br />Councilmember , the Public Hearing is Terminated. <br />Consider: <br />MOTION SECOND <br />ORDINANCE: <br />(3) Waive Full Reading and Pass First Reading of an Ordinance Adding Chapter 10.40 to the <br />Colton Municipal Code to Establish a Preferential Parking Program, ORDINANCE NO. 0- <br />12-05. <br />------------------------------- <br />PUBLIC COMMENT: <br />Limit 5 Minutes <br />Any person may address the City Council at this time on any subject within the jurisdiction of the City <br />of Colton; however, any matter that requires action will be referred to Staff for investigation and report <br />at a subsequent Council Meeting. <br />Persons desiring to submit paperwork to the City Council Members shall provide copy of any <br />paperwork to the City Clerk for the Official Record. <br />If you challenge the City's proposed actions in court, you may be limited to raising those issues that <br />you or someone else raised at the public hearing described in this Agenda, or in any written <br />correspondence delivered to the City on or prior to the public hearing. <br />------------------------------------------------------------------------ <br />MAYOR AND COUNCIL ITEMS: COMMENTS, INTER -GOVERNMENTAL AGENCY REPORTS, <br />INFORMATION SESSION AND ACTION ITEMS: <br />Colton City Council Economic Development Workshop, Tuesday, August 23, 2005, 5:00 pm — <br />9:00 pm in the Colton Council Chambers. <br />3 <br />