[Amended 9-1-2009]
The City Council declares that an Industrial
Development Financing Authority is needed in the City of Chicopee
and that unemployment or the threat thereof exists in the City of
Chicopee or security against future unemployment and lack of business
opportunity is required in the City and that unemployment or the threat
thereof can be alleviated or the security against future unemployment
and lack of business opportunity can be provided by attracting new
industry to the City or substantially expanding industry existing
in the City through an industrial development project or projects
financed under Chapter 772 of the Acts of 1967. The Council determines
that there is a need for such an authority, and, in making this determination,
the Council has taken into consideration the City's ability to adjust
to any expected increase in the demand for municipal facilities and
services as a result of the expected increase in employment and business
activity from such industrial development.
The Clerk is hereby directed to file a certified
copy of this article, together with the names of the duly appointed
and qualified original directors, with the State Industrial Finance
Board, the Department of Commerce and Development and the Secretary
of State of the Commonwealth of Massachusetts.
The City of Chicopee respectfully requests a
certificate of organization, which certificate shall be conclusive
evidence of the lawful establishment of the Industrial Development
Financing Authority of the City of Chicopee and the Directors thereof.