HomeMy WebLinkAboutOrdinance 1553 N.C.S. 08/08/1983.
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Introduced by ORD I NANCE NO . 1553 NGS Seconded by
CITY OF PETALUMA
Counci]mari- Battaglia . Gouncilma.n Bond
AN ORDINANCE DECLARING A NEED F.OR AN
INDUSTRIAL:DEVELOPMENT AU,THORITY AND DECLARING
THAT SUCH AUTHORITY SHALL FUNCTION
WHEREAS, there exists within the City of Petaluma
economically distresse;d communities and areas which may be
benefited by efforts to prevent the loss of existing jobs and
to create new jobs; and
WHEREAS, in tlie interest of the health, welfare and
safety of the peo,ple of the City of Pet'aluma and of the State
of Californi,a, it is necessary to provide an alternative
method of financ'ing certain facil.ities 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 GaTifornia Tndustrial Developmen.t
Financing Act, California Government Code Sections 91500, et
s_e~e. (the "Act"), has created in the C'ity of Petaluma a
public, corporate instrumentality of the State of California
known a_s the Industrial Development Authority of the City of
Petaiuma, for the purpose o•f exercising powe•rs granted by the
Act; and
WHEREAS, Section 91520(b) of the act provides that
said authority shall not transact any bwsiness or exereise
any powers under the Aet unless, by oxdinance, this Couneil
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Ord. 1553 NGS
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declares that there is a need for such authority and that the
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„ authority shall function;
~ BE IT ORDATNED by the Council of the City of
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Petaluma as £ollows:
Secti.on 1. It is hereby found and declared that
there is a need for the Industrial Development Authority of
the City of Petaluma (the "Authori.ty"„) 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 all powers permitted by
law. ~ _
Secti.on 2. Pursuant to Section.9;1520(b) of the
Ac_t, this Ordinanae is subject to'the provisions for
~
referendum set forth in Sectiorns 4,0;51 through 4058 of the
California Elections Code. Introduced on August 1, 1983, and.ordered posted.
Secti.on 3. The City Clerk is hereby directed to
publish this Ordin'ance 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'
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AYES: Perry, Battaglia., Bond, Balshaw, Vice Mayor Harberson,
Mayor Mattei
NOES: None -
PcBSENT: Cavariagh
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Ord: 1553 NCS