CC/RDA/CUA REG MIN FEB 06 - Laserfiche WebLink

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Issuance of Revenue Bonds (Biosolids) Time And Place Fixed To Consider A Public Hearing - Pursuant To Section 147(F) Of The Internal Revenue Code Of 1988, To Hear, Consider And Approve The Proposed Issuance By The California Municipal Finance Authority Of One Or More Series Of Revenue Bonds In An Aggregate Principal Amount Not To Exceed $100,000,000 (The "Bonds") For The Acquisition, Construction, Equipping And/Or Rehabilitation Of A Project Which Will Produce Electricity By The Treatment And Recycling Of Biosolids Which Are Created As. A Byproduct Of The Treatment Of Municipal Sewage, Together With Related Facilities, To Be Located At 1201 S. Rancho Avenue, Colton, Ca 92324 (The "Project); And (2) Consideration Of Resolution Authorizing The City Of Colton To Become A Member Of California Municipal Finance Authority, A Joint Powers Authority (3) Consideration Of Property And Construction Lease Agreement Between The City Of Colton And Biosoils Of Southern California, LLC, Over Property Located At 1201 S. Rancho Avenue To Permit Construction And Operation Of The Biosolids Project Mayor Chastain declared the public hearing open. City Clerk Padilla announced that the Notice of Continuance for the public hearing was on file in the City Clerk's office and no protests or objections have been received. PUBLIC COMMENT: None. Motion/second by CM Suchil/Toro to close the public hearing. Motion carried with CM De La Rosa absent from the dais. Discussion continued with Council requesting clarification from staff, regarding approval of two of the three items listed. City Attorney clarified that the item needed to return with an agenda report and/or give direction to staff as to how monies are to be used. City Manager Parrish explained that the third item could be brought back as a separate report for the first meeting in March to make sure that the funds would be used only in the water wastewater fund. Motion/second by CM Mitchell/Suchil to approve issuance of bonds and approve, and adopt Resolution No. R-12-07. Motion carried with CM De La Rosa absent. Item 3 will be returned to the next meeting because the lease negotiate is not complete at this time. Urgency Ordinance - Use of Land for Endangered Species Mitigation An Urgency Ordinance Of The City Council Of The City Of Colton Establishing Policy Relating To The Use Of Land For Endangered Species Mitigation And Adding Chapter 18.31 To The Colton Municipal Code Establishing Requirements For The Review Of Land To Be Used As Open Space Mitigation For Species Conservation; And 2007 FEBRUARY 6 REG CC/RDA/CUA MEETING - 4 -