HomeMy WebLinkAbout1995-01-24; City Council; Resolution 95-23& 0 0
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RESOLUTION NO. 95-23
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CARLSBAD
DECLARING ITSELF TO BE THE BOARD OF DIRECTORS OF THE
INDUSTRIAL DEVELOPMENT AUTHORITY OF THE CITY OF
CARLSBAD.
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WHEREAS, pursuant to the California Industrial Development Financing
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Act (the "Act") there is in each city of the State a public, corporate
instrumentality known as the industrial development authority of such city; anc
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WHEREAS, Section 91520 of the Act provides that an authority shall no
transact any business unless, by ordinance, the City Council declares there is
need for the authority and that authority shall function, and there has been
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accordance with Section 91520; and 15
introduced Ordinance No. NS-301 of the City making such declaration .
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I? I/ WHEREAS, pursuant to Section 91523 of the Act, the City Council may,
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19 I! at its sole discretion and at any time, by resolution, declare itself to be the
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City Council as such board, and the City Council deems it appropriate at this 22
disabilities and immunities vested in a board of directors shall be vested in tht
board, in which case all the rights, powers, privileges, duties, liabilities,
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NOW, THEREFORE, the City Council of the City of Carlsbad does hereby
resolve as follows:
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U i! e e
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1. That the above recitations are true and correct. 1
2 II 2. That the City Council hereby declares itself to be the Board of
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accordance with Section 91523 of the Act. 4
Directors of the Industrial Development Authority of the City of Carlsbad in
5 3. That the Chairperson of the Board of Directors shall be the Mayo1
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that the Secretary of the Board shall be the City Clerk, and that the
Treasurer of the Board shall be the City Finance Director.
4. That this resolution shall be effective upon the effective date of
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Ordinance No. NS-301 of the City, in which the City Council has
declared the need for the Authority and that the Authority shall function.
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PASSED AND ADOPTED at a regular meeting of the City Council of the City 01
Carlsbad on the 24th day of JANUARY L 1995, by the following
vote to wit:
AYES: Council Members Lewis, Nygaard, Kulchin, Finnila, Hall
18 NOES: None
19 ABSENT: None
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24 ATTEST:
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ALETHA L. RAUTENKRANZ, City Clerk ’
(SEAL)
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