ID 1982/07/20INDUSTRIAL DEVELOPMENT AUTHORITY OF ANAHEIM
July 20, 1982, 12:30 P.M.
PRESENT:
ABSENT:
PRESENT:
INDUSTRIAL DEVELOPMENT MEMBERS: Kaywood, Pickler, Overholt, Bay and Roth
INDUSTRIAL DEVELOPMENT MEMBERS: None
CITY MANAGER: William O. Talley
CITY ATTORNEY: William P. Hopkins
SECRETARY: Linda D. Roberts
EXECUTIVE DIRECTOR: Norman J. Priest
Chairman Roth called the special meeting of the Industrial
Development Authority of Anaheim to order at 12:55 p.m.
MINUTES: Authority Member Roth moved to approve the minutes of the Industrial
Development Authority meeting of September 22, 1981. Authority Member
Overholt seconded the motion. Authority Member Bay abstained because he was
not present at that meeting. Authority Member Pickler abstained because he
was not an Authority Member at that time. MOTION CARRIED.
Mr. Norman Priest, Executive Director of Community Development, briefed the
Council on his report dated July 13, 1982, recommending that the Industrial
Development Authority, by resolution, decline to accept for further processing
the application for financing from Ryder Truck Lines, Inc.
The Chairman asked to hear from the applicant.
Mr. John Mangu, Vice President, Properties and Real Estate, Ryder Truck Lines,
first referred to Page 8, Paragraph Number 4, of the application for
financing, and stated that instead of the $1,500,000, it should have been
$2.5 million, since they did not anticipate a decrease in revenue, but an
increase. Further, the number of employees indicated, 23, was conservative.
He then elaborated upon the purpose of the application and in concluding,
stated that approval would not obligate the City in any way, or limit any of
the City's bonding of other functions. It was lending the City's name so that
they would be able to proceed with a capital expenditure and hopefully
increase the number of jobs in Anaheim, as well as construction
opportunities. He urged that they not concern themselves with the fact that
perhaps the State would turn them down later, since that was not pertinent at
this time. He then answered questions posed by the Authority.
Before proceeding, Authority Member Overholt explained that on occasion, he
had represented Gerald Bushore, who was in the Chambers audience, as his
attorney, but he was no longer his attorney and wanted to vote on the issue.
City Attorney William Hopkins stated if he (0verholt) had a financial inter~st
in the matter, he would be prevented from participating; Authority Member
Overholt stated he had not had, nor would have any conflict, and thus, would
participate.
INDUSTRIAL DEVELOPMENT AUTHORITY OF ANAHEIM
~uly 20, 1982, 12:30 P.M.
Authority Member Bay stated it was his hope that the use of Industrial Revenue
Bonds in the City would commence with a case where there was absolutely no
question of the public benefit from the use of those bonds. This one, in his
opinion, and also in staff's opinion, was not strongly oriented toward the
public good in his interpretation for the use of Industrial Revenue Bonds. He
wanted to see a very definitive public good before voting "yes" on the first
subject application, and this was not strong enough for his "yes" vote at this
time.
Authority Member Bay moved to decline to accept for further processing, the
application for financing from Ryder Truck Lines, Inc.
Before action was taken, Authority Member Overholt stated he agreed with
Authority Member Bay. He did not think the particular project qualified for
the kind of relief requested.
Authority Member Kaywood seconded the foregoing motion to deny. MOTION
CARRIED.
183.113: CONFLICT OF INTEREST CODE, INDUSTRIAL DEVELOPMENT AUTHORITY OF
ANAHEIM: Authority Member Kaywood offered Resolution No. IDAA 82-1 for
adoption, adopting a new Conflict of Interest Code; submitting said Code to
the City Council, the Code Reviewing Body; and rescinding Resolution No.
IDAA 81-3, as recommended in memorandum dated July 15, 1982 from the City
Attorney. Refer to Resolution Book. '
RESOLUTION NO. IDAA 82-1: A RESOLUTION OF THE INDUSTRIAL DEVELOPMENT
AUTHORITY OF ANAHEIM ADOPTING A CONFLICT OF INTEREST CODE; SUBMITTING SAID
CODE TO THE CODE REVIEWING BODY; AND RESCINDING RESOLUTION NO. IDAA 81-3.
Roll Call Vote:
AYES:
NOES:
ABSENT:
AUTHORITY MEMBERS:
AUTHORITY MEMBERS:
AUTHORITY MEMBERS:
Kaywood, Pickler, Overholt, Bay and Roth
None
None
The Chairman declared Resolution No. IDAA 82-1 duly passed and adopted.
ADJOURNMENT: Authority Member Pickler moved to adjourn. Authority Member Bay
seconded the motion. MOTION CARRIED. (1:15 p.m.)
LINDA D. ROBERTS, SECRETARY