1984 REG MTG MIN DEC 18 - Laserfiche WebLink

Browse Search

is Bill Jacocks, Creative Business Services. Donna East, 210 Fogg Street, Colton. Dale Schmidt, Braun Industries. Wes Hayden, 279 W. Litton, Colton. Jim Dayton, owns business on Rexford Drive. Henry Mendoza, 464 West "M" Street, Colton. Dennis Botello, 1201 Jefferson Lane, Colton. Moved by Councilman Rios, seconded by Councilman Rehrer, to terminate the testimony from the audience on this matter. Unanimous vote. After additional discussion among Council Members, moved by Council- man Rehrer, seconded by Councilwoman Cisneros, to pass Second Reading and adopt Ordinance Nos. 1673 and 1674. Motion carried, with Council- woman Garcia voting NO. ORDINANCE NO. 1673 - AN ORDINANCE OF THE CITY OF COLTON, AMENDING ORD - (Second Reading) INANCE NO. 1602, AS AMENDED, AND PROVIDING FOR CER TAIN ZONE RECLASSIFICATIONS. (P.C.Res.No.2026) ORDIrTANCE NO. 1674 - AN ORDINANCE OF THE CITY OF COLTON, AMENDING ORD - (Second Reading) INANCE NO. 1602, AS AMENDED, AND PROVIDING FOR CER TAIN ZONE RECLASSIFICATIONS. (P.C.Res.No.2027) PUBLIC HEARINGS: Housing Policies City Manager Elliott advised that initially there was a deadline of January 1, 1985, for adoption of a Housing Policies Report by cities issuing mortgage revenue bonds, however, there have been some changes and the time has been extended to March, therefore, Staff would recommend this matter be brought back to the City Council at that time. Multi -Family Rental Housing Proiects Mayor Huntoon declared the Public Hearing open. City Manager Elliott advised these public hearings concern multi -family rental housing projects, the financing of which is being undertaken pursuant to the provisions of AB 665, and involve the issuance of resi- dential rental mortgage revenue bonds by the City that will, be repaid in payments made by or on behalf of the developers. Mr. Elliott stated Resolution No. 4538 concerns SBE Development, Reso- lution No. 4539 relates to Mayer Colton Ltd., and Resolution No. 4540 invo'ves Las Palomas Associates, and each of these resolutions can be adopted by one motion. Mr. Elliott concluded that Mr. Francis Baum, of Best, Best and Krieger, is present this evening if anyone has questions. Mayor Huntoon asked if anyone desired to speak on these matters. Upon no one coming forward, moved by Councilman Rehrer, seconded by Councilman Rios, the Public Hearings were terminated. Unanimous vote. Moved by Councilman Rehrer, seconded by Councilman Rios, to approve Resolution Nos. 4538, 4539 and 4540. Unanimous vote. RESOLUTION NO. 4538 - A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF COLTON APPROVING THE FINANCING OF A MULTIFAMILY RENTAL HOUSING PROJECT. (SBE Development) RESOLUTION NO. 4539 - RESOLUTION NO. 4540 - DEC 1 81984 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF COLTON APPROVING THE FINANCING OF A MULTIFAMILY RENTAL HOUSING PROJECT. (Mayer Colton Ltd.) A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF COLTON APPROVING THE INSTALLMENT SALE FINANCING OF A COMMERCIAL PROJECT BY THE REDEVELOPMENT AGENCY. (Las Palomas Associates)