HomeMy WebLinkAboutOrdinance 1553 N.C.S. 08/08/1983w
AUG -
1 1983
Introduced by ORDINANCE NO. 1553 NCS Seconded by
CITY OF PETALUMA
Councilman- Battaglia Councilman Bond
AN ORDINANCE DECLARING A NEED FOR AN
INDUSTRIAL,DEVELOPMENT AUTHORITY AND DECLARING
THAT SUCH AUTHORITY SHALL FUNCTION
WHEREAS, there exists within the City of Petaluma
economically distressed communities and areas which may be
.benefited by efforts to prevent the loss of existing jobs and
to create new jobs; and
WHEREAS, in the interest of the health, welfare and
safety of the people of the City of Petaluma and of the State
of California, it is necessary to provide an alternative
method of financing certain facilities in order to prevent
the loss of existing jobs in such City,and to increase
employment opportunities and otherwise contribute to the
economic development of such City; and
WHEREAS, the California Industrial Development
Financing Act, California Government Code Sections 91500, et
seq. ( the "Act") , has created in the City -of Petaluma a
public, corporate instrumentality of the State of California
'known as the Industrial Development Authority of the City of
Petaluma, for the purpose of exercising powers granted by the
Act; and
WHEREAS, Section 91520(b) of the act provides that
said authority shall not transact any business or exercise
any powers under the Act unless, by ordinance, this Council
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Ord. 1553 NCS
declares that there is a need for such authority and that the
authority shall function;
BE IT ORDAINED by the Council of the City of
Petaluma as follows -
Section 1. It is hereby found and declared that
there is a need for the Industrial Development Authority of
the City of Petaluma (the "Authority",,) created by Section,
91520(a) of the Act and that the Authority shall function in
the City of Petaluma, and the Authority is hereby authorized
to transact business and to exercise al.l-powers permitted by
law.
Section 2. Pursuant to Section.9;1520(b) of the
Act, this Ordinance is subject to'the provisions for
referendum set forth in Sections 4,051 through 4058 of the
California Elections Code. Introduced on August 1, 1983, and.ordered posted.
Section 3. The City Clerk is hereby directed to
publish this Ordinance as required by law.
Section 4. This Ordinance shall take effect thirty
(30) days after its passage as provided by law.
The foregoing Ordinance was passed and adopted by
the Council of the City of Petaluma on August, 8,
1983, by the following vote:
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Ord. 1553 NCS'
Y
AYES: Perry., Battaglia., Bond, Balshaw, Vice Mayor Harberson,
Mayor Mattei
NOES: None -
ABSENT: Cavanagh
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Ord: 1553 NCS