Ontario Municipal Code Art. 8 Ontario Industrial Development Authority

The City Council of the City of Ontario, California hereby declares that there is a need for an industrial development authority to be created and to function within the City. There is hereby established an “authority,” as defined in the Industrial Development Financing Act, being Cal. Gov't Code §§ 91500 et seq., which shall be authorized to transact business and exercise its powers as provided in the Act.

(§ 1, Ord. 2145, eff. September 17, 1981)

The industrial development authority created pursuant both hereto and by the powers granted pursuant to the Act shall hereafter be known as the “Ontario Industrial Development Authority.” The Ontario Industrial Development Authority shall exercise all powers as presently permitted or as may hereafter be provided pursuant to State law, including, but not limited to, the provisions of the Act.

(§ 2, Ord. 2145, eff. September 17, 1981)

The City or the Ontario Municipal Development Authority, as appropriate, may on or after the date of final adoption of the ordinance codified in this article, approve by resolution all other items necessary for the Ontario Industrial Development Authority to transact business and conduct its other affairs as provided by the Act, including the appointment of directors or board members.

(§ 3, Ord. 2145, eff. September 17, 1981)