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<br />bk:6/28/05 <br /> <br />RESOLUTION NO. 2005-069 <br /> <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF <br />SANTA ANA CONSENTING TO AN AMENDMENT TO THE <br />ARTICLES OF INCORPORATION OF THE SANTA ANA <br />EMPOWERMENT CORPORATION, INC. TO INCREASE <br />THE SIZE OF QUORUM <br /> <br />BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SANTA ANA AS <br />FOLLOWS: <br /> <br />Section 1. The City Council of the City of Santa Ana hereby, finds, determines <br />and declares as follows: <br /> <br />A. In 1999, the United States Department of Housing and Urban <br />Development approved the application of the City of Santa Ana <br />to be a federal Round II Urban Empowerment Zone. <br /> <br />B. On July 19, 1999, the City Council, pursuant to Resolution <br />No. 99-043, created the Santa Ana Empowerment Corporation, <br />Inc. to implement the City's Empowerment Zone Strategic Plan. <br /> <br />C. The articles of incorporation of the Santa Ana Empowerment <br />Corporation require the City Council of the City of Santa Ana to <br />concur in any modification to the articles. <br /> <br />D. The articles of incorporation of the Santa Ana Empowerment <br />Corporation provide that quorum of the Board of Directors, which <br />is the minimum number of Directors who must be present for <br />valid transaction of business, is one-third (%). <br /> <br />E. At its last regular meeting, the Board of Directors of the Santa <br />Ana Empowerment Corporation scheduled a special meeting on <br />July 11, 2005 to consider increasing the size of the Board's <br />quorum. <br /> <br />F. Because increasing the size of quorum for the Board would <br />require amendment to the articles of incorporation, the City <br />Council must concur in this amendment. <br /> <br />Resolution No. 2005-069 <br />Page 1 of 3 <br />