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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 />18 <br />19 <br />20 <br />21 <br />22 <br />23 <br />24 <br />25 <br />26 <br />27 <br />28 <br />RESOLUTION NO. R-121-90 <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF <br />COLTON, CALIFORNIA, DETERMINING THE NECESSITY <br />FOR COMMUNITY FACILITIES DISTRICT NO. 90-1 <br />(MOUNT VERNON CORRIDOR) OF THE CITY OF COLTON <br />TO INCUR A BONDED INDEBTEDNESS IN AN AGGREGATE <br />PRINCIPAL AMOUNT NOT TO EXCEED $10,000,000 FOR <br />PROVIDING PUBLIC FACILITIES WHICH ARE NECESSARY <br />TO THE DEVELOPMENT OF THE PROPERTY WITHIN THE <br />COMMUNITY FACILITIES DISTRICT, AND CALLING A <br />SPECIAL ELECTION FOR THE COMMUNITY FACILITIES <br />DISTRICT ON THE PROPOSITION FOR INCURRING SUCH <br />BONDED INDEBTEDNESS <br />WHEREAS, on September 18, 1990, the City Council (the <br />"City Council") of the City of Colton (the "City") adopted <br />Resolution No. R-102-90 declaring the necessity for Community <br />Facilities District No. 90-1 (Mount Vernon Corridor) of the City <br />of Colton, County of San Bernardino, State of California (the <br />"Community Facilities District"), to incur a bonded indebtedness <br />for the purpose of providing public facilities which are necessary <br />for the development of the property therein, and scheduling a <br />hearing thereon; and <br />WHEREAS, notice of the hearing was published in the San <br />Bernardino Sun and mailed as required by law, and on October 30, <br />1990, at the time and place of the hearing as set forth in Resolu- <br />tion No. R-102-90 and the notice thereof, the City Council <br />conducted the hearing and afforded all persons interested, <br />including persons owning property within the Community Facilities <br />District, an opportunity to be heard on the incurring of the <br />proposed bonded indebtedness, and no protests were received; and <br />