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HomeMy WebLinkAbout94-032 CC ResolutionRESOLUTION NO. 94-32 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF TEMECULA DECLARING ITSELF TO BE THE BOARD OF DIRECTORS OF THE INDUSTRIAL DEVELOPMENT AUTHORITY OF THE CITY OF TEMECULA WHEREAS, the City Council of the City of Temecula, California has activated by ordinance the Industrial Development Authority of the City of Temecula ("the Authority") pursuant to the California Industrial Development f'mancing Act, Sections 91500 and following of the California Government Code ("the Act"); and WItEREAS, Section 91523 of the Act provides that the City Council of the City may, at its sole discretion, by resolution, declare itself to be the Board of Directors of the Authority; NOW, THEREFORE, the City Council of the City of Temecula does hereby resolve, declare, and certify as follows: 1. The City Council hereby declares itself to be the Board of Directors of the Authority in accordance with Section 91523 of the Act, and all the rights, powers, privileges, duties, liabilities, disabilities and immunities vested in the Board of Directors of the Authority shall be vested in the City Council of the City as such Board. 2. This resolution shall become effective immediately upon its passage. APPROVED AND ADOPTED this 22nd day of March, 1994. Ron Roberts, Mayor ATTEST: [SEAL] Resos 94-32 I STATE OF CALIFORNIA ) COUNTY OF RIVERSIDE ) SS. CITY OF TEMECULA ) I, JUNE S. GREEK. City Clerk of the City of Temecula do hereby certify that Resolution No. 94-32 was duly and regularly adopted by the City Council of the City of Temecula at a regular meeting thereof held on the 22nd day of March, 1994, by the following vote: AYES: 5 COUNCILMEMBERS: Birdsall, Mufioz, Parks, Stone, Roberts NOES: 0 COUNCILMEMBERS: None ABSENT: 0 COUNCILMEMBERS: None S. Greek, City'Clerk Rcaoa 94-32 2