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12/15/80
ORDINANCE NO. NS-1559
AN ORDINANCE OF THE CITY OF SANTA ANA
ADDING DIVISION 9 TO ARTICLE IV OF
CHAPTER 2 OF THE SANTA ANA MUNICIPAL
CODE TO DECLARE THAT NEED EXISTS FOR
THE INDUSTRIAL DEVELOPMENT AUTHORITY
OF THE CITY OF SANTA ANA, THAT SUCH
AUTHORITY SHALL FUNCTION, AND THAT THE
CITY COUNCIL OF THE CITY OF SANTA ANA
SHALL BE THE BOARD OF DIRECTORS OF SUCH
AUTHORITY
THE CITY COUNCIL OF THE CITY OF SANTA ANA DOES
ORDAIN AS ~FOLLOW$:
SECTION 1: That the Santa Ana Municipal Code,
is hereby amended by adding a Division, to be numbered 9 to
Article IV of Chapter 2 thereof, which said Division shall
consist of sections to be numbered 2-630 through 2-634,
inclusive, and which shall read as follows:
DIVISION 9. INDUSTRIAL DEVELOPMENT AUTHORITY
Sec. 2-630. Purposes
The California Industrial Development Financing
Act, as set forth in Title 10 (commencing with Section
91500) of the Government Code of the State of California,
has established an industrial development authority of this
City for the achievement of specified public purposes. The
public purposes are the increasing of opportunities for
useful employment or otherwise contributing to economic
development. The need for the establishment of an
industrial development authority in the achievement of such
purposes is based upon findings that industry requires the
new and alternative method of capital finance that such
authorities can provide in order for it to undertake the
acquisition, construction or rehabilitation of facilities
the use of which will serve those public purposes.
Sec. 2-631. Findings
There is a need in the City of Santa Ana for the
acquisition, construction or rehabilitation of facilities
for the use of industry which will increase employment
opportunities or otherwise contribute to economic
development, and further, the new and alternative method of
capital finance that industrial development authorities can
provide will aid in satisfying that need.
Sec. 2-632. Declarations
(a) Need. There is a need in the City of
Santa Ana for an industrial development authority to provide
industry with an alternative and additional method of
finance in accordance with state policy as set forth in the
California Industrial Development Financing Act.
(b) Organization. The industrial development
authority of this City established by the California
Industrial Development Financing Act is hereby declared
organized and shall function under the name
"Industrial Development Authority of the City of Santa Ana,"
ORDINANCE NO. N$-1559
PAGE TWO
and be authorized to transact business'and exercise all of
the powers and other authority conferred upon industrial
development authorities by such Act.
Sec. 2-633. Board of Directors.
The City Council of the City of Santa Ana is
declared to be, ex-officio, the board of directors of the
Industrial Development Authority of the City of Santa Ana.
Sec. 2-634. Meetings.
The time, place, and manner of the regular
meetings of the board of directors of the Industrial
Development Authority of the City of Santa Ana shall be
established by by-laws adopted by such board. Until such
time as by-laws are so adopted, the regular meetings of such
board shall be held at the hour of 2:00 p.m. on the first
Monday in the months of March and September in each calendar
year, in the City Council chambers of the City of Santa Ana.
SECTION 2: If any section, subsection,
sentence, clause, phrase or portion of this ordinance is for
any reason held to be invalid or unconstitutional by the
decision of any court of competent jurisdiction, such
decision shall not affect the validity of the remaining
portions of this ordinance. The City Council of the City of
Santa Ana hereby declares that it would have adopted this
ordinance and each section, subsection, sentence, clause,
phrase or portion thereof irrespective of the fact that any
one or more sections, subsections, sentences, clauses,
phrases, or portions be declared invalid or
unconstitutional.
SECTION 3: No ordinance or resolution declaring
the organization of the Industrial Development Authority of
the City of Santa Ana or declaring the City Council of the
City of Santa Ana to be the board of directors of such
Authority has been previously adopted.
ADOPTED this 5th day of
198~, by the following vote;
Januar), ,
AYES:
NOES:
COUNCILMEN: Bricken, Griset, Luxembourger, Serrato,
Ward, Yamamoto
COUNCILMEN: Markel
ABSENT: COUNCILMEN: None
ATTE ST:
CITY ATTORNEY