Planning, maintaining, improving, protecting and promoting the sound economic development of the area of the city located within the Bayshore North Project Area and the performance of all undertakings incidental or advantageous thereto are public uses and purposes for which public money may be spent and are governmental functions.
(Ord. 1887 § 1, 5-24-2011)
The Council finds and declares as follows:
(a) 
That it is the policy of the City of Santa Clara to protect and promote the sound economic development of the area of the City of Santa Clara within the Bayshore North Project Area and the general welfare of the inhabitants through the employment of all appropriate means.
(b) 
That such means may include leasing property for construction and use of a facility for professional sporting and other events as well as other development.
(c) 
That the anticipated increase in the population of the City demands that the City take action to ensure opportunities for economic development within the City of Santa Clara.
(d) 
That employment opportunities for the residents of the City of Santa Clara are vital to the City's future peace and prosperity.
(e) 
That for these reasons this chapter is necessary in the public interest for the promotion of the public health, safety and general welfare of the residents of the City of Santa Clara.
(Ord. 1887 § 1, 5-24-2011)
It is the purpose of the Council in enacting this chapter to expand opportunities for economic growth within the area of the city within the Bayshore North Project Area, including opportunities for facilities for professional sporting and other events.
(Ord. 1887 § 1, 5-24-2011)
This chapter shall not affect any other provision of law relating to the same or a similar subject but provides an alternative method of procedure governing the subject to which it relates, and it shall not abridge, modify or otherwise affect the right of the City to exercise any power given to it by the Constitution or any other law.
(Ord. 1887 § 1, 5-24-2011)
Authority projects are subject to the planning, zoning, sanitary, and building laws, ordinances, and regulations applicable to the area in which they are situated. In the planning and location of any facility, the Authority is subject to any and all officially adopted plans for the development of the area in which the Authority functions to the same extent as if it were a private entity.
(Ord. 1887 § 1, 5-24-2011)
If any provision of this chapter, or its application to any person or circumstance, is held invalid, the remainder of the chapter, or the application of such provision to other persons or circumstances, shall not be affected thereby.
(Ord. 1887 § 1, 5-24-2011)
"Obligee of the Authority" or "obligee"
means any of the following:
(a) 
Any bondholder or trustee for any bondholders.
(b) 
Any lessor demising to the Authority property used in connection with a project or any assignee of all or part of such lessor's interest.
(c) 
The State of California or the United States, or any agency of either, when a party to any contract with the Authority by which aid or a loan is given or made to the Authority.
(Ord. 1887 § 1, 5-24-2011)
"Project"
means any acquisition, improvement, construction, or undertaking of any kind authorized by this chapter.
(Ord. 1887 § 1, 5-24-2011)