1993 ADJ JT MIN DEC 07 - Laserfiche WebLink

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PEDEVELOPMENT AGENCY AND CITY COUNCIL ADJ-ORNED JOINT REGULAR MEETING MINUTES December 7, 1993 In accordance with no}Lce duly and legally given, an Joint Regular Meeting of the Redevelopment Agency for Colton and the City Council of the City of Colton was above given date at 8:47 p.m. in the Council Chambers Hall, 650 North La Cadena Drive, Chairperson Cisneros Gonzales presiding. RDA ROLL CALL• Adjourned the City of held on the of City and Mayor Members present were Rios, Bennett, Sandoval, Gonzales, Cook, Beltran and Chairperson Cisneros. Also present were Executive Director Young, General Counsel Biggs, Special Counsel Sabo, Economic Development Director Gabriel and Assistant Secretary Ramos. CITY COUNCIL ROLL CALL: Councilmembers present were Rios, Bennett, Sandoval, Cisneros, Cook, Beltran and Mayor Gonzales. Also present were City Manager Young, City Attorney Biggs, Economic Development Director Gabriel and City Clerk Ramos. JOINT MEETING OF THE REDEVELOPMENT AGENCY FOR THE CITY OF COLTON AND THE CITY COUNCIL OF THE CITY OF COLTON JOINT PUBLIC HEARING: Cooley Ranch Protect: Consideration of Disposition and Development Agreement for Colton/ Cooley Economic Development Corporation Economic Development Director Gabriel reported pursuant to past discussions with the Agency Board pertaining to the development of the 70 acre site presently under condemnation by the Agency, generally located at the southwest corner of the I-10 and I-215 freeways, and under direction of the Board, the Summary Report and Disposition and Development Agreement with Colton/Cooley Economic Development Corporation is submitted for consideration. The Colton/Cooley Economic Development Corporation is a non- profit corporation, organized and existing pursuant to the California non-profit corporation law. Necessary filings are underway with both the State and Internal Revenue Service to obtain the tax exemptions prior to the non-profit organization actually acquiring cash or other assets. A community based Board of Directors will be designated by the incorporators.