HomeMy WebLinkAboutOrd. No. 1983-665ORDINANCE N0. 665
ORDINANCE OF THE CITY COUNCIL OF THE CITY OF LAKE ELSINORE,
CALIFORNIA, DECLARING THE NEED FOR AN INDUSTRIAL DEVELOPMENT
AUTHORITY TO FUNCTION IN SAID CITY, AND DECLARING THE CITY
COUNCIL OF SAID CITY TO ACT AS THE BOARD OF DIRECTORS OF THE
AUTHORITY.
WHEREAS, there exists within the City of Lake Elsinore, California
(the "City"), economically distressed 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 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 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 a public corporate instrumentality of the State of California known
as the "Industrial Development Authority of the City of Lake Elsinore"
(hereinafter referred to as the "Authority"), for the purpose of exercising
powers granted by the Act: and,
WHEREAS, Section 91520 of the Act provides that said Authority shall
not transact any business or exercise any powers under the Act unless, by
ordinance, this City declares that there is a need for such Authority and that
the Authority shall function.
THE CITY COUNCIL OF THE CITY DOES ORDAIN AS FOLLOWS:
SECTION 1. It is hereby found and declared that there is a need for the
Industrial Development Authority of the City of Lake Elsinore
created by Section 91520 of the Act, and that such Authority
shall function in the City, and said Authority is hereby auth-
orized to transact business and to exercise all powers
permitted by law.
SECTION 2. The City Council hereby further declares itself to be the Board
of Directors of such Industrial Development Authority, and all
the rights, powers, privileges, duties, liabilities, disabili-
ties and immunities vested in such a Board under the Act shall
be vested in the City Council as such Board.
SECTION 3. Pursuant to Section 91520(b) of the Act, this Ordinance is subject
to the provisions for referendum set forth in Sections 4051 through
4059 of the California Elections Code.
SECTION 4. The City Clerk shall certify to the passage of this Ordinance,
and shall cause this Ordinance to be published once within fifteen
(15) days after its passage, in the Lake Elsinore Valley Sun
Tribune, a newspaper of general circulation in the City of Lake
Elsinore, California.
SECTION 5. This Ordinance shall take effect thirty (30) days after its
passage as provided by law.
INTRODUCED AND PASSED UPON FIRST READING this 28th day of
December 1982, by the following roll call vote:
AYES: KNIGHT, TORN, VALENZUELA, UNSWORTH
NOES: NONE
ABSTENTIONS: NONE
ABSENT: MAC MURRAY
PASSED, APPROVED AND ADOPTED UPON SECOND READING this 11th day of
January 1983, by the following roll call vote:
AYES: KNIGHT, TORN, VALENZUELA, UNSWORTH
NOES: NONE
ABSTENTIONS: NONE
ABSENT: MAC MURRAY
JO N G. UNSWORTH, Mayor
ATTEST:
/(1//~~fA~~ .fiii ~i~87~~
DEBORAH A. HARRINGTON, City Clerk
City of Lake Elsinore
STATE OF CALIFORNIA )
ss.
COUNTY OF RIVERSIDE )
I, Jo Ann Money, City .Clerk of the City of Lake Elsinore, DO
HEREBY CERTIFY that the foregoing Ordinance had its first reading on
December 28, 1982 and had its second reading on
January 11, 1983 and was passed by the following vote:
AYES: COUNCILMEMBERS: KNIGHT, TORN, VALENZUELA, UNSWORTH
NOES: COUNCILMEMBERS: NONE
ABSENT: COUNCILMEMBERS: MACMURRAY
J ANN P10NEY, CIT CLERK
Y OF LAKE ELSINORE
(SEAL)