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Mr. Elliott continued the life of the plan is forty years. The Agency shall have a
<br />2 70 maximum of 15 years to incur project indebtedness, with an additional twenty-five
<br />years to retire debt. The maximum bonded indebtedness secured by tax increment for
<br />this project shall not exceed $16,400,000 outstanding at one time, and the Agency
<br />shall not receive more than $60 million in tax increment for this Project.
<br />Mayor Huntoon then asked for a summary of the final Environmental Impact Report.
<br />Mr. Manuel Nunes, of Patterson & Nunes, stated that their firm, with the collabora-
<br />tion of the Staff and fellow consultants engaged by the Agency, undertook the assign-
<br />ment of preparing the Santa Ana River Redevelopment Project Environmental Impact Re-
<br />port, and it was prepared to comply with the California Environmental Quality Act and
<br />follows all C.E.Q.A. guidelines.
<br />Mr. Nunes advised that all legal procedures have been followed, affected agencies coi
<br />tacted, and relevant material made available for public review, and all comments and
<br />responses have been dutifully recorded and are included in the Council's and Agency':
<br />packets.
<br />Mr. Nunes continued the purpose of the E.I.R. is to analyze the physical, social,
<br />environmental and economic impacts and issues which may stem from the adoption and
<br />implementation of the proposed Redevelopment Plan. This document is not intended to
<br />provide recommendations as to whether or not the Project should be approved, but only
<br />to supply information and analysis to enable appropriate public bodies and concerned
<br />indivuduals to evaluate the environmental effects of the proposed plan.
<br />Mr. Nunes stated after public hearings, and on May 11, 1982, the Planning Commission
<br />recommended approval of the Santa Ana River Redevelopment Project draft E.I.R. as
<br />being a fully comprehensive and complete report.
<br />Mr. Nunes concluded it is hopeful that the Council and Agency will certify the E.I.R.
<br />as presented and as recommended.
<br />Mayor Huntoon then asked the City Clerk to read any written communications received
<br />regarding the proposed Redevelopment Plan since the Continued Public Hearing.
<br />City Clerk Ramos read portions of a letter dated December 21, 1982, from James W.
<br />Dilworth, Attorney, on behalf of the San Bernardino Valley Municipal Water District,
<br />stating representatives of the district have been informally advised the City of
<br />Colton contemplates that the Redevelopment Plan will provide for a "pass-through" or
<br />refund of amounts equivalent to incremental tax revenues to the San Bernardino Valle
<br />Water District and will enter into an agreement with the district to that effect. Ii
<br />the event such is done, the district would not be adversely affected by the project
<br />and accordingly would have no objection to it and, in such event, it is requested
<br />that this statement be considered as withdrawn by the district. In the absence of
<br />such action, the district wishes to submit its objections to the plan upon the basis
<br />set forth in the letter.
<br />Mr. John Brown, Agency Counsel, advised there have been several meetings held with
<br />representatives of the Water District, including the Attorney, Mr. Dilworth, regard-
<br />ing a proposed Agreement that would provide for the kind of arrangement as outlined
<br />in their letter. Mr. Brown stated, as the Agency Counsel, he is prepared to recom-
<br />mend such an Agreement to the Council and Agency this evening, and can briefly sum-
<br />marize the proposed Agreement if so desired by the Council and Agency.
<br />Mayor Huntoon then asked that all those wishing to speak regarding the Redevelopment
<br />Agency Plan please state their name and address, and comment directly to the Redevelop-
<br />ment Plan.
<br />Speaking in favor of the Redevelopment Plan for the Santa Ana River Redevelopment
<br />Project were the following:
<br />Mr. Robert Rich, Director of Administrative Services, Colton Joint Unified School
<br />District.
<br />Mr. Edward Levine, of the Southern Pacific Industrial Development Company.
<br />Mr. David Graff, of Fredericks Development Company.
<br />Mr. Earl Young, representing Pacific Coast Builders.
<br />Mr. Gene Fuller, of Broadmoor Homes, Inc.
<br />Speaking in opposition to the Redevelopment Plan for the Santa Ana River Redevelop-
<br />ment Project were the following:
<br />Mr. William Katz, part owner of a parcel of land within the Redevelopment Plan, stating
<br />he felt the City, or whatever public entity involved, should bear the expense or rede-
<br />signing the intersection of Barton Road, Hunts Lane and Reche Canyon Road, which is
<br />badly needed; he did not feel it was necessary to split up a certain parcel of land
<br />into three smaller parcels, pointing out the property involved; and he did not feel
<br />it was right that any of the property owners within the Redevelopment Plan area should
<br />mo
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