4237FOLLOWS:
ORDINANCE NO. 4237
AN ORDINANCE OF THE CITY OF ANAHEIM DECLARING
THE NEED FOR THE INDUSTRIAL DEVELOPMENT
AUTHORITY OF ANAHEIM AND THAT THE AUTHORITY
SHALL FUNCTION.
THE CITY COUNCIL OF THE CITY OF ANAHEIM DOES ORDAIN AS
SECTION 1. PURPOSE
The California Industrial Development Financing Act
(found at Title 10 of the Government Code, Section 91500 et seq.)
(the "ACT"), has established an industrial development authority
of this City of Anaheim for the achievement of specified public
purposes. The public purposes are to increase opportunities for
useful employment or otherwise contribute to economic development.
The need for the establishment of an industrial development auth-
ority 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 faci-
lities the use of which will serve these public purposes.
SECTION 2. FINDINGS
There is a need in the City of .Anaheim for the acquisi-
tion, construction or rehabilitation of facilities for the use
of industry which will increase employment opportunities or other-
wise 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.
SECTION 3. DECLARATIONS
(a) NEED There is a need in the City of Anaheim 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 Act.
(b) ORGANIZATION The industrial development authority
of this City of Anaheim established by the Act is hereby declared
organized and shall .function under the name
"INDUSTRIAL DEVELOPMENT AUTHORITY OF ANAHEIM"
and be authorized to transact business and exercise all of the
powers and other authority conferred upon industrial development
authorities by the Act.
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SECTION 4. SEVERABILITY
The City Council of the City of Anaheim hereby declares
that should any section, paragraph, sentence or word of this chap-
ter of the Code, hereby adopted, be declared for any reason to be
invalid, it is the intent of the Council that it would have passed
all other portions of this chapter independent of the elimination
here.from of any such portion as may be declared invalid.
SECTION 5.
The City Clerk shall certify to the passage of this or-
dinance and shall cause the same to be printed once within fifteen
(15) days after its adoption_in the Anaheim Bulletin, a newspaper
of general circulation, printed, published and circulated in said
City, and thirty (30) days from and after its final passage, it
shall take effect and be in full force.
THE FOREGOING ORDINANCE is approved and adopted by the
City Council of the City of Anaheim this 7tj) gllrV of July, 1981.
ATTEST
CITY]CLERK OF THE CITY OF ANAHEIM
MES: fm
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STATE OF CALIFORNIA )
COUNTY OF ORANGE ) ss.
CITY OF ANAHEIM )
I, LINDA D. ROBERTS, City Clerk of the City of Anaheim, do hereby certify
that the foregoing Ordinance No. 4237 was introduced at a regular meeting
of the City Council of the City of Anaheim, held on the 30th day of June,
1981, and that the same was duly passed and adopted at a regular meeting of
said City. Council held on the'7th day of'July, 1981,,.by the following vote
of the members thereof:
AYES: COUNCIL MEMBERS: Overholt, Kaywood, Bay, Roth and Seymour
NOES: COUNCIL MEMBERS: None
ABSENT: COUNCIL MEMBERS: None
AND I FURTHER CERTIFY that the Mayor of the City of Anaheim signed said
Ordinance No. 4237 on the 7th day of July, 1981.
IN WITNESS WHEREOF, I have hereunto set my hand and affixed the official
seal, of the City of Anaheim this 7th day of July, 1981.
C:2K �- A?4ktp-"-�
CITY CL.RK OF THE CI F ANAHEIM
(SEAL)
I, LINDA. D. ROBERTS, City Clerk of the City of Anaheim, do hereby certify
that the foregoing is the original Ordinance No. 4237 and was published once
in the Anaheim Bulletin on the 17th day of July, 1981.
CITY dLEftR