The Council of the City of Altoona hereby signifies its intention
to organize an Authority under the provisions of the Municipality
Authorities Act of 2001, P.L. 287 (the "Act").
The name of the proposed Authority is "Altoona General Authority."
In pursuance of said intention, the Articles of Incorporation of the
said Authority are hereby approved and adopted in the form attached
hereto as Exhibit A and incorporated herein by this reference.
The first members of the Board of said Authority, named in the
aforesaid Articles of Incorporation, are hereby specifically appointed
members of said Board for the terms set after their respective names,
commencing on the date of appointment and computed from the first
Monday in January 2015. Said terms of office of all subsequent appointees
shall be for a term of five years with the exception of the first
members of the said Board and those appointees filling unexpired terms.
The Mayor or Vice Mayor of the Council of the City of Altoona
is hereby authorized and directed to execute said Articles of Incorporation
on its behalf, and the City Clerk is hereby authorized and directed
to affix thereto and attest the Seal of the City. Said officers are
further authorized and directed to cause a notice of intention to
file said Articles of Incorporation to be published as required by
law, and to file said Articles of Incorporation, together with a certified
copy of this ordinance and required proofs of publication, with the
Secretary of the Commonwealth of Pennsylvania, and to take all such
action as they may deem necessary or appropriate to organize said
Authority.
The purposes and projects of said Authority shall be to designate
a City Revitalization and Improvement Zone and undertake such other
actions as may be appropriate for a contracting authority related
to a City Revitalization and Improvement Zone and those other purposes
and projects designated by Altoona City Council from time to time.