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HomeMy WebLinkAbout2010-02-23 - ORDINANCES - ADDING CHAPTER 2.05 TO MC (2)ORDINANCE NO. 10-3 AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF SANTA CLARITA, CALIFORNIA, ADDING CHAPTER 2.05 TO THE SANTA CLARITA MUNICIPAL CODE ESTABLISHING THE INDUSTRIAL DEVELOPMENT AUTHORITY OF THE CITY OF SANTA CLARITA SECTION 1. RECITALS WHEREAS, the California Industrial Development Finance Act enabled every city and county in the state to create a local issuing entity for the purpose of issuing tax-exempt industrial development bonds to finance eligible projects; and WHEREAS, the City hereby finds and declares that there is a need for an Industrial Development Authority to function in the City. THE CITY COUNCIL OF THE CITY OF SANTA CLARITA, CALIFORNIA, DOES HEREBY ORDAIN AS FOLLOWS: SECTION 2. That Chapter 2.05 is hereby added to the Santa Clarita Municipal Code to read as follows: "Chapter 2.05 INDUSTRIAL DEVELOPMENT AUTHORITY OF THE CITY OF SANTA CLARITA Sections: 2.05.010 Declaration of Need 2.05.020 Establishment 2.05.030 Board Designated 2.05.040 Statutory Authority 2.05.010 Declaration of Need The City Council herby finds and declares that there is a need for an Industrial Development Authority to function in the City. 2.05.20 Establishment There is hereby established in the City an industrial development authority to be known as the "Industrial Development Authority of the City of Santa Clarita." 1 2.05.030 Board Designated The Board of the Industrial Development Authority of Santa Clarita shall be as designated by City Council resolution. 2.05.040 Statutory Authority The Industrial Development Authority of Santa Clarita shall transact business and exercise those powers as authorized by the California Industrial Development Financing Act (Title 10, commencing with Section 91500, of the Government Code) and as such Act may be amended." SECTION 3. This Ordinance shall be in full force and effect thirty (30) days from its passage and adoption. SECTION 4. The City Clerk shall certify to the passage of this Ordinance and shall cause the same to be published as required by law. PASSED, APPROVED AND ADOPTED this 23rd day of February, 2010. ATTEST: CITY CLERK ' 2 MAYOR C 1 STATE OF CALIFORNIA ) COUNTY OF LOS ANGELES ) ss. CITY OF SANTA CLARITA ) I, Sarah P. Gorman, City Clerk of the City of Santa Clarita, do hereby certify that the foregoing Ordinance No. 10-3 was regularly introduced and placed upon its first reading at a regular meeting of the City Council on the 9th day of February, 2010. That thereafter, said Ordinance was duly passed and adopted at a regular meeting of the City Council on the 23rd day of February, 2010, by the following vote, to wit: AYES: COUNCILMEMBERS: Ender, Kellar, McLean, Weste NOES: COUNCILMEMBERS: None ABSENT: COUNCILMEMBERS: Ferry AND I FURTHER CERTIFY that the foregoing is the original of Ordinance No. 10-3 and was published in The Signal newspaper in accordance with State Law (G.C. 40806). . 3 CITY CLERK Date STATE OF CALIFORNIA ) COUNTY OF LOS ANGELES ) ss. CITY OF SANTA CLARITA ) CERTIFICATION OF CITY COUNCIL ORDINANCE I, , City Clerk of the City of Santa Clarita, do hereby certify that this is a true and correct copy of the original Ordinance No. 10-3, adopted by the City Council of the City of Santa Clarita, CA on February 23, 2010, which is now on file in my office. Witness my hand and seal of the City of Santa Clarita, California, this day of 20 City Clerk By Deputy City Clerk 1 L