1987 SEP 28 ADJ MIN - Laserfiche WebLink

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(9) Agreements Approval of Tax Increment Pledge Agreement between the Rede- velopment Agency for the City of Colton, the City of Colton, and Crossroads Trade Center, Ltd. (10) Claims Santiago Esquivias, Wesley and Recta Spencer, versus the City of Colton. Recommend denial. Moved by Councilwoman Garcia, seconded by Councilman Rehrer, to approve the Consent Calendar. Unanimous vote. MAYOR AND CITY COUNCIL ITEMS: Awards Mr. James F. Celano, District Manager, Automobile Club of Southern Cali- fornia, San Bernardino District Office, presented the City Council with a plaque from the American Automobile Association, stating Colton is being recognized by the A.A.A. for its record of no pedestrian fatal- ities in 1986 while meeting A.A.A. Standards of Safety Program per- formance. Mr. Celano added that Police Chief Connolly and the Police Department should be congratulated. Five Cities Economic Development Authority Mr. Nathan A. Simon, Mayor of the City of Fontana, and Chairman of the Five Cities Economic Development Authority, made a presentation to the City Council on behalf of the Five Cities Economic Development Authority, requesting the City of Colton consider making a contribution in the amount of $5,000 to cover legal costs for the law firm of Best, Best, and Krieger, as Special Counsel, in the counter -claim and cross-claim by Bank of America against the Five Cities in matters related to the Operation Second Chance Bankruptcy proceedings. Mr. Simon stated although the City of San Bernardino has their own at- torney, the Committee feels that each City should honor their obligation by contributing their share of the $5,000. Mr. Simon said this is a nominal amount considering the potential loss of approximately $800,000 to each city. Councilwoman Cisneros stated the City of Colton had already given per- mission, at a previous Council Meeting, to contribute $5,000. Councilwoman Garcia stated she has some concerns about who this money will be going to. Mr. Simon stated there really was no need for concern, as each City is willing to contribute an amount of $5,000, and the Joint Powers Agree- ment authorizes the City of Fontana to maintain the funds of the Author- ity. 2