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1/64-1 <br /> RESOLUTION NO. 2598 <br /> RESOLUTION OF THE CITY COUNCIL OF <br /> THE CITY OF COLTON, <br /> CALIFORNIA, DETERMINING THAT THE <br /> PUBLIC INTEREST AND NECESSITY DEMAND <br /> THE ACQUISITION AND CONSTRUCTION OF <br /> CERTAIN MUNICIPAL IMPROVEMENT <br /> AND MAKING FINDINGS RELATING THERETO. <br /> The City Council of the City of Colton, <br /> California, DOES HEREBY RESOLVE, DETERMINE AND ORDER <br /> as follows: <br /> Section 1. That the public interest and neces- <br /> sity demand the acquisition and construction by said city <br /> of a certain municipal improvement, to wit: <br /> SHALL the City of Colton incur <br /> a bonded indebtedness in the principal <br /> amount of $305 , 600 . 00 to pay a �= <br /> portion of the cost of the acquisition <br /> and construction by said city of a <br /> certain municipal improvement, to wit: <br /> an underpass on "N" Street under the <br /> Atchison, Topeka and Santa Fe Railway <br /> Company main-line tracks and siding <br /> at P.U.C . Crossing No. 2B-3.5,with <br /> appurtenances and appurtenant work,and <br /> including the acquisition of land, <br /> easements, rights of way, apparatus, <br /> equipment and other property necessary <br /> therefor? <br /> That the estimated cost of said municipal improve- <br /> ment is $764 , 000. 00 . That said municipal improvement <br /> requires an expenditure greater than the amount allowed for <br /> it by the annual tax levy and is necessary and convenient <br /> to carry out the objects, purposes and powers of said city. <br />