RES-8730 Declaring the City Council to be the Board of Directors of Industrial Development AuthorityRESOLUTION NO. 8730
A RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF ORANGE, CALIFORNIA DECLARING
THE CITY COUNCIL TO BE THE BOARD OF
DIRECTORS OF THE INDUSTRIAL DEVELOP-
MENT AUTHORITY OF THE CITY OF ORANGE
WHEREAS, the City Council of the City of Orange (the "City"), pursuant to
Ordinance No. 4-97, introduced by the City Council of the City of Orange on the
28th day of January, 1997, found that the Industrial Development Authority of the City
of Orange (the "Authority") was needed and further declared the Authority to be
functioning and organized in accordance with and for the purposes set forth in the
California Industrial Development financing Act, being Title 10, commencing with Section
91500 of the Government Code of the State of California (the "Act");
and WHEREAS, Section 91523 of the Act provides that the City Council may, at
its sole discretion, declare itself to be the Board of Directors of the
Authority.NOW, THEREFORE, BE IT RESOLVED by the City Council of the City
of Orange, California as
follows:Section 1. This City Council is declared to be the Board of Directors of
the Authority and until changed in accordance with provisions of the
Act.Section 2. The Board of Directors shall be reimbursed for actual and
necessary expenses incurred in the performance of their
duties.ADOPTED this .1ll.I1.day of F"hrnarv ,
1997.
ATTEST:1J;".&~tdi;kM:
X City Clerk of the ty of
I hereby certify that the foregoing Resolution was duly and regularly adopted by the City
Council of the City of Orange at a regular meeting thereof held on the 11 th day of
February , 1997, by the following vote:
AYES:
NOES:
ABSENT:
ABSTAIN:
COUNCILMEMBERS: MURPHY, SLATER, COONTZ, SPURGEON
ALVAREZ
COUNCILMEMBERS: NONE
COUNCILMEMBERS: NONE
COUNCILMEMBERS: NONE
Resolution No. 8730