Resolution 1982- 37 City of Giroy and Gilroy Industrial Development Authority
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9113A-370a
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03/05/82"
RESOLUTION NO. 82-37
A RESOLUTION OF ESTABLISHHENT OF POLICIES
FOR THE ACCEPTABILITY OF APPLICATIONS
INDUSTRIAL DEVELOPMENT AUTHORITY
OF THE CITY OF GILROY
RESOLVED, by the Board of Directors of the Industrial
Development Authority of the City of Gilroy, California, that
WHEREAS, this Authority is authorized to establish reasonable
priorities and criteria for the acceptance by this Authority of
applications of companies for financing authorized by the California
Industrial Development Financing Act;
NOW, THEREFORE, IT IS ORDERED that the following policies shall
govern the acceptability of applications of companies for financing and
the further processing of such applications:
1. Companies shall undertake to pay an application fee to the
Authority, which application fee is hereby established at such amount
as shall be sufficient to pay administration expenses of the Authority
incurred prior to the preliminary undertaking of a project by the
Authority as and when such expenses become payable, the aggregate
amount of which shall not exceed the limitations established by the
California Industrial Development Financing Act.
2. The companies and projects shall meet such other reasonable
priorities and criteria as this Board may establish at the time of
consideration of an application.
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RESOLUTION NO. 82 - 37
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I HEREBY CERTIFY the foregoing resolution was introduced at a
meeting of the Industrial Development Authority of the city of Gilroy
held on. March 15 , 1982, by Director Valdez who
moved its adoption and passage, which motion was carried after being
duly seconded, and passed by the following vote:
AYES:
NOES:
Directors: ALBERT, GAGE, HUGHAN, LI~K, TAYLOR, VALDEZ
and GOODRICH.
None
ABSENT:
None
SECONDED:
APPROVED:
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Chairman.
ATTEST:
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