HomeMy WebLinkAboutCC RESO 14,744RESOLUTION NO. 14,744
A RESOLUTION DECLARING THAT THE CITY COUNCIL OF THE CITY
OF NATIONAL CITY SHALL BE THE BOARD OF DIRECTORS OF THE
INDUSTRIAL DEVELOPMENT AUTHORITY OF THE CITY OF NATIONAL CITY
AND PROVIDING FOR REIMBURSEMENT OF EXPENSES OF DIRECTORS
WHEREAS, pursuant to Ordinance No. 1859, "An Ordinance Declaring
Need for the Industrial Development Authority of the City of National City and
that such Authority Shall Function," adopted by this City Council July 16, 1985,
and the California Industrial Development Financing Act, Title 10 (commencing
with Section 91500), of the Government Code (the "Act"), the Industrial
Development Authority of the City of National City (the "Authority") has been
declared organized and functioning and authorized to transact business and
exercise all of the powers and other authority conferred upon industrial
development authorities by such Act.
NOW, THEREFORE, BE IT RESOLVED by the Council of the City of
National City as follows:
1. Board of Directors. This City Council is declared to be, ex-
officio, the board of directors of the Authority.
2. Expenses. Members of the Board of Directors shall receive their
actual and necessary expenses, including travel expenses incurred in the
discharge of their duties.
3. Previous Organization. No resolution otherwise providing for
directors has been previously adopted.
4. Effective Date. This resolution shall become effective on
September 17, 1985.
PASSED and ADOPTED this 17th day of September, 1985.
ATTEST:
Ion9/Campbell, City C1$tk
APPROVED AS TO FORM:
lJ
George H. Eiser, III - City Attorney