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➢ Civic Center Improvements <br />➢ Electric Infrastructure Improvements <br />➢ Downtown Development <br />Listed Projects Needing Funding — Potential Funding Sources (Matrix) <br />✓ RDA Purchase of 11.2 Acres from General Fund <br />✓ Washington Street Extension <br />✓ 3-5 Storm Drain Improvements <br />✓ Recreational Improvements <br />✓ Economic Development <br />✓ Pepper/1-10 Interchange <br />✓ Riverside/1-10 Interchange <br />✓ Pepper Avenue Extension <br />✓ Agua Mansa Widening <br />✓ Agua Mansa/Creek Crossing <br />✓ Water/Wastewater System Improvements <br />✓ Senior Housing <br />✓ Civic Center Improvements <br />Presentation followed by CSG Advisors/Consultants, Scott Smith and Robert Cornwell, <br />who provided a PowerPoint on the Financing Options for the Colton Redevelopment <br />Agency, which highlighted the following: <br />✓ Redevelopment and Tax Increment as defined in the Sate of California <br />✓ Tax Increment Matrix: Property Taxes (Dollars)/To Other Taxing <br />Jurisdictions/Project Area Term (Years)/In crement/Base/To Redevelopment <br />Agency <br />✓ Tax Increment Bonds <br />✓ Key Challenges <br />✓ Housing Set Aside <br />✓ Summary and Bond Capacity <br />✓ Financing Options <br />ADJOURNMENT <br />At 8:18 p.m., with consensus of Council, Mayor Chastain declared the Special Meeting <br />adjourned. <br />Carolina R. Padilla, CMC <br />City Clerk <br />2008 MAY 14 SPC CC/RDA/CUA MEETING - 2 - <br />