HomeMy WebLinkAboutOrd. 1427-2010ORDINANCE NO. 1427-2010
CITY COUNCIL, CITY OF SOUTH SAN FRANCISCO STATE OF (:ALIFORNIA
AN ORDINANCE REPEALING SECTION 2.18.030 OF THE
SOUTH SAN FRANCISCO MUNICIPAL CODE, DISSOLVING
THE SOUTH SAN FRANCISCO INDUSTRIAL
DEVELOPMENT AUTHORITY
WHEREAS, pursuant to Goverrlment Code Sections 91500 et seq., the City Council
created the South. San Francisco Industrial Development Authority (IDA) in 1984 to issue tax-
exemptbonds on behalf of private companies interested in c;oiistructing industrial and/or research
and development facilities,
WHEREAS, the City Council finds there is no longer a need for the IDA to function in
the City of South San Francisco.
NOW THEREFORE, the City Council of the City of South San Francisco, by at least a
two-thirds vote, does find and ORDAIN as follows:
1. The IDA shall transact no further business and exercise no further powers;
2. The offices of IDA shall be deemed vacated;
3. Any funds and properties obtained or owed to the IDA shall vest in the City;
4. Any net earnings of the IDA shall inure solely to the City;
5. South San Francisco Municipal Code Section. 2.18.030 is hereby repealed in its
entirety; and
6. The City Council hereby assumes all liabilities of the II)A with relation to
outstanding bonds, and shall provide written notice of such to any bondholders of
outstanding bonds.
SECTION 2. SEVERABILITY
If any provision of this ordinance or the application thereof to any person or circumstance
is held invalid or unconstitutional, the remainder of this ordinance, including the
application of such part or provision to other pE;rsons or circumstances shall not be
affected thereby and shall continue in full force and e~~fect. To this end, provisions of this
ordinance are severable. The City Council of the City of South San Francisco hereby
declares that it would have passed each section, :subsection, subdivision, paragraph,
sentence, clause, or phrase hereof irrespective of the fact that any one or more sections,
subsections, subdivisions, paragraphs, sentences,, clauses, or phrases be held
unconstitutional, invalid, or unenforceable.
SECTION 3. PUBLICATION AND EFFECTIVE DATE
This Ordinance shall be published once, with the :names of those City Councilmembers
voting for or against it, in the San Mateo Times, a rie~~vspaper of general circulation in the
City of South San Francisco, as required by law, and shall become effective thirty (30)
days from and after its adoption.
* * * * ~
Introduced at a regular meeting of the City Council of the City of South San Francisco,
held the 24th day of March, 2010.
Adopted as an Ordinance of the City of South Francisco at a regular meeting of the City
Council held the 14th day of April, 2010 by the following vote:
AYES: Councilmembers Pedro Gonzalez, Richard A.. Garbarino, and Kar_yl Matsumoto,
Vice Mayor Kevin Mullin and Mayor Mirk Acldie~o
NOES: None
ABSTAIN: None
ABSENT: None
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As Mayor of the City of South San Francisco, I do hereby approve the foregoing
Ordinance this 14th day of April, 2010.
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ark A diego, May