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1 <br />2 <br />3 <br />4 <br />5 <br />6 <br />7 <br />8 <br />9 <br />10 <br />11 <br />12 <br />13 <br />14 <br />15 <br />16 <br />17 <br />1s <br />:l9 <br />21 <br />21 <br />22 <br />23 <br />24 <br />25 <br />'26 <br />reinvestment in the Project Areas, thereby contruting to the <br />elimination of existing blighting conditiong/ in the Project <br />Areas; and <br />WHEREAS, in order to promote the City's health, safety <br />and welfare, it is important that tfae Flood Channel Improvements <br />s� <br />be financed in order to ensure,/the orderly development of the <br />Project Areas and neighboring"" areas; and <br />�u <br />WHEREAS, it iF' appropriate at this time for the City <br />Council to make cert4in findings and determinations and take <br />certain action wit)i'j respect to the construction of the Flood <br />s <br />d� <br />f' <br />Channel Improvements. <br />THEREFORE, THE CITY COUNCIL OF THE CITY OF COLTON <br />DOES HEREBk RESOLVE AS FOLLOWS: <br />Section 1. The Recitals hereinabove are true and <br />correct and are incorporated herein by this reference. <br />Section 2. The City Council consents to the payment <br />by the Agency of the costs of the Flood Channel Improvements to <br />be undertaken along the San Timoteo Creek Flood Channel. The <br />-5- <br />