1991 MAR 12 ADJ REG MIN - Laserfiche WebLink

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Colton Boxina Club Director Gayton reported the Boxing Club entered into an agreement with the City Recreation Department where they purchased a portable boxing ring. The City's interest was approximately $2,300. The Boxing Club is proposing an even exchange of the City's interest in the portable boxing ring for the weight gym. The universal gym can be relocated to one of the City's present centers, allowing greater citizen access to the equipment. Director Gayton recommended the City pursue the exchange of equipment. Moved by Council Member Cisneros, seconded by Council Member Roman, to approve staff's recommendation. Unanimous vote. CITY MANAGER'S REPORTS AND RECOMMENDATIONS: CFD 90-1. Mt. Vernon Corridor Acting Economic Development Director Zamora reported Legal Counsel, Best, Best & Krieger, has prepared a memorandum and resolutions relating to clarification of Rate & Method of Apportionment for CFD 90-1 Special Tax and Waiver of Certain Requirements with Respect to a Funding, Construction and Acquisition Agreement and Purchase of Parking Facility Land. The agreement is with Lebanoff-MackNight III. Acting Director Zamora recommended approval and adoption of the two resolutions. Mr. George Fulp, 1497 Cindee Lane, asked what was being waived and why the City was buying land for a parking lot. Legal Counsel Ken Weiss, said Section 6 of the Funding Agreement sets forth certain requirements which the developer must satisfy before bond proceeds can be released to purchase the three parcels of property. It was contemplated that the City would purchase the first parcel from the developer concurrently with the bond closing, this did not occur; however, it was not intended nor is it necessary for the developer to comply with the conditions of Section 6 with respect to the purchase of this first parcel of property. Acting Director Zamora responded with regards to the parking lot, the provision of the parking lot will enable the City to encourage development across the street to the east, which would not otherwise occur due to insufficient parking. The parking will also enhance the closing of the Little Colton Avenue and will aid the adjacent school. Moved by Council Member Roman, seconded by Council Member Rehrer to approve staff's recommendation and adopt Resolutions Nos. R-18-91 and R-19-91. Unanimous vote. RESOLUTION NO. R-18-91 - A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF COLTON, CALIFORNIA, MAKING CERTAIN FINDINGS WITH RESPECT TO THE RATE AND METHOD OF APPORTIONMENT OF THE SPECIAL TAX WITHIN 6 MAR 1 2 1991