1989 MAY 16 REG MIN - Laserfiche WebLink

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O • waste. The Plan also provides a facility inventory list and a needs assessment profile for the County, citing criteria, general require- ments for handling and storage of hazardous waste, land use require- ments, transportation, enforcement, etc. Mr. Aguilera then referred to Resolution No. R-68-89, which indicates certification on behalf of the City of Colton of the County's Hazardous Waste Management Plan. Mr. Aguilera concluded Staff recommends adoption of the Plan and Reso- lution No. R-68-89. Moved by Councilwoman Cisneros, seconded by Councilman Rios, adopting the County of San Bernardino Hazardous Waste Management Plan and Reso- lution No. R-68-89. Unanimous vote. RESOLUTION NO. R-68-89 - A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF COLTON, CERTIFYING THE COUNTY OF SAN BER- NARDINO HAZARDOUS WASTE MANAGEMENT PLAN, IN COMPLIANCE WITH THE TANNER ACT. CITY MANAGER'S REPORTS AND RECOMMENDATIONS: RDA Economic Development Director Jennifer Thornberry reported on the multi - project area bond issue, advising after evaluating the increased flow of tax increment in several project areas, Financial Advisor, Rod Gunn, Legal Counsel, Best, Best & Krieger, and Staff recommend that additional tax allocation bonds be sold for Cooley Ranch, Santa Ana River and Down- town Project No. 1, and that the City Council and Redevelopment Agency form a public financing authority in order to issue bonds for all three projects at one time. Mrs. Thornberry then reviewed the amounts of monies involved for each project area, of the proposed issue, and also the examples of the use of these funds in each area. Mrs. Thornberry said the recommendation that the Agency and City form a financing authority to issue tax allocation bonds was based on five reasons, which were outlined by Mrs. Thornberry. Mrs. Thornberry stated if this process is approved, the financing author- ity would consist of the members of the Agency and City Council with elected officers. The authority would issue the bonds and loan the pro- ceeds to each Project Area. Repayment of the bonds would be guaranteed by the flow of tax increment from each Project Area. Mrs. Thornberry concluded Staff recommends the City Council approve Resolution Nos. R-65-89 and R-66-899 to initiate the procedures as out- lined. Moved by Councilman Rehrer, seconded by Councilman Rios, to approve Resolution Nos. R-65-89 and R-66-89. Unanimous vote. RESOLUTION NO. R-65-89 - RESOLUTION OF THE CITY COUNCIL OF THE CITY OF COLTON AUTHORIZING FORMATION OF A JOINT POWERS AUTHORITY WITH THE REDEVELOPMENT AGENCY FOR THE CITY OF COLTON. RESOLUTION NO. R-66-89 - RESOLUTION OF THE CITY COUNCIL OF THE CITY OF COLTON APPROVING THE ISSUANCE OF COLTON PUBLIC FINANCING AUTHORITY REVENUE (TAX ALLOCATION) BONDS, 1989 SERIES A (CAPITAL IMPROVEMENT LOANS) AND 1989 SERIES B (REFUNDING LOANS), THE BORR- OWING OF BOND PROCEEDS BY THE REDEVELOPMENT AGENCY FOR THE CITY OF COLTON, AND REFUNDING OF THE AGENCY'S SANTA ANA RIVER REDEVELOPMENT PROJECT 1987 TAX ALLOCATION AND REFUNDING BONDS AND COOLEY RANCH REDEVELOPMENT PROJECT NO. 4 1986 TAX ALLOCATION BONDS. RECESS: MAY 16 1989