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HomeMy Public PortalAboutOrdinance 722ORDINANCE NO. 722 ORDINANCE OF THE CITY COUNCIL OF THE CITY OF BEAUMONT, CALIFORNIA, DECLARING A NEED FOR AN INDUSTRIAL DEVELOPMENT AUTHORITY AND DECLARING THAT SUCH AUTHORITY SHALL FUNCTION THE CITY COUNCIL OF THE CITY OF BEAUMONT, CALIFORNIA, DOES ORDAIN AS FOLLOWS: Section 1. This City Council hereby finds and declares that there is a need for an industrial development authority to function in the City of Beaumont. Section 2. This City Council hereby further declares itself to be the Board of Directors of such industrial development authority, and all the rights, powers, privileges, duties, liabilities, disabilities and immunities vested in such a board shall be vested in this City Council as such Board. Section 3. These declarations are made in accordance with the California Industrial Development Financing Act (Title 10, commencing with Section 91500, of the Government Code). Section 4. The authority established in the City of Beaumont by said Act and authorized to transact business and exercise its powers thereunder by this Ordinance shall be known as the "Industrial Development Authority of the City of Beaumont." Section 5. The City Clerk shall, within 15 days after the passage of this Ordinance, cause it to be posted in at least the three public places designated by resolution of the City Council; shall certify to the adoption and posting of this Ordinance; and shall cause this Ordinance and its certification, together with proof of posting, to be entered in the records of this City. Section 6. This Ordinance shall become effective thirty (30) days after its passage and adoption. MOVED, PASSED, and ADOPTED this llth day of August , 1993 by the following vote: AYES: Council Member McLaughlin, Russo and Mayor Leja. NOES: None. ABSTAIN: None. ABSENT: Council Member Brey anOw- arrott 4 4/4,212,C CLERK (Deputy) R OF THECOY OF BEAUMONT CERTIFICATION The foregoing is certified to be a true copy of Ordinance No. 722 duly adopted by the said City Council of the City of Beaumont on the date herein forth. (Deputy) CITY CLERK, CITY OF BEAUMONT