HomeMy WebLinkAbout1999-003 SAECResolution No. SAEC 1999-03
A RESOLUTION CONFIRMING (1) THE FORM TO BE
USED TO APPLY FOR INDUSTRIAL DEVELOPMENT
BONDS, AND (2) AUTHORIZATION TO OBTAIN
TEMPORARY MARKETING BROCHURES
THE BOARD OF DIRECTORS OF THE SANTA ANA EMPOWERMENT
CORPORATION HEREBY RESOLVES, DETERMINES, AND DECLARES AS
FOLLOWS:
WHEREAS, on August 16, 1999, the Secretary of State filed~articles of
incorporation for the Santa Ana Empowerment Corporation ("SAEC" or "the
Corporation"); and
WHEREAS, on September 22, 1999, the Board of Directors holds its first
meeting; and
WHEREAS, at an organizational meeting held on August 25, 1999, staff presented
two proposals to the individuals who are now members of the Board of Directors, the first
for review of an application package to be used by entities wishing to secure industrial
development bonds through the Empowerment zone legislation, and the second to
consider award of a contract with Entropy for the preparation of three (3) brochures to do
some initial marketing of the Empowerment Zone; and
WHEREAS, at this organizational meeting the individuals who now constitute the
Board of Directors made formal recommendations to staff on how to handle these twvo
proposals; and
WHEREAS, now that the Board of Directors is officially constituted it is desired
to confirm that these two proposals represent the formal direction of the Board;
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS
OF THE SANTA ANA EMPOWERMENT CORPORATION:
1. That the Executive Director is authorized and directed to utilize the
application package presented at the August 25, 1999 organizational meeting for the
Empowerment Zone bond financing program.
Resolution No. SAEC 1999-03
Page 2 of 2
2. That the Executive Director is authorized and directed to enter into a
contract with Entropy for the production of three (3) brochures to market the
Empowerment Zone at a cost not to exceed Five Thousand Dollars and 00 cents
($5,000.00).
ADOPTED this ~ day of September, 1999.
ATTEST:
//n~eC. Guy / t/~/-
C/Secretary of the Corporation
APPROVED AS TO FORM:
Joseph W. Fletc/~er, General Counsel
//7
,~enj~l, fii~n I~au~fi~
/Chi~ Assista~it General Cou~el