Laserfiche WebLink
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 />18 <br />19 <br />20 <br />21 <br />22 <br />23 <br />24 <br />25 <br />27 <br />28 <br />• Requires action during this legislative cycle in order to capture the benefits of <br />formation of the Agua Mansa IFD; currently, the City of Colton is processing an <br />industrial development project — the Agua Mansa Commerce Center — that will <br />generate considerable new assessed valuation in the coming year; and <br />Without action this legislative cycle, the new development will occur and the base - <br />year valuations will be increased by the new development and the city won't be able <br />to bond against the new increment increase; <br />FURTHER RESOLVED, THE CITY COUNCIL HEREBY URGES THE GOVERNOR <br />TO SIGN IT INTO STATE LAW WITHOUT DELAY. <br />PASSED, APPROVED AND ADOPTED this 16th day of September 2008. <br />ATTEST: <br />CAROLINA R. PADILLA, CMC <br />City Clerk <br />KELLY VVASTAIN <br />Mayor <br />2 <br />