Earlier editions: 2026-09
Title 2 — ADMINISTRATION AND PERSONNEL
Colton Municipal Code Ch. 2.56 Industrial Development Authority
Colton Municipal Code · 2026-10 edition · updated 2026-10-04 · Colton
Cite as: Colton Municipal Code Chapter 2.56 · Text as of 2026-10-04
2.56.010 - Findings.¶
The City Council finds and declares that there exists in the City a need to assist Industry in the financing of capital outlays required to acquire, construct or rehabilitate facilities in order to increase employment opportunities and to contribute to economic Development in the City.
(Ord. 1658 § 1, 1983)
2.56.020 - Declaration of need.¶
The City Council further finds and declares that there is a need for an Industrial Development Authority of the City in order to assist in providing Industry in the City with an alternative method of financing in acquiring, constructing or rehabilitating facilities in accordance with provisions of the Act.
(Ord. 1658 § 2, 1983)
2.56.030 - Established.¶
The Industrial Development Authority of the City established by the Act is hereby declared organized under the name of "Industrial Development Authority of the City of Colton" and Shall function under and in accordance with provisions of the Act.
(Ord. 1658 § 3, 1983)
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