City of Spokane

Spokane Municipal Code

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Title 04
Chapter 04.25
Section 04.25.270
 

Title 04 Administrative Agencies and Procedures

Chapter 04.25 Public Development Authority

Article I. General Provisions

Section 04.25.270 Dissolution of Authority
  1. Upon passage of an ordinance by the city council for termination of the authority, or upon adoption of a resolution by the authority for its own dissolution, the authority shall file a dissolution statement setting forth:
    1. its name and principal office;
    1. its debts, obligations and liabilities, including conditions of grants and donations, and the property and assets available to satisfy the same; provisions to be made for satisfaction of outstanding liabilities and performance of executory contracts; and the estimated time for completion of its dissolution;
    1. any pending litigation and contingent liabilities;
    1. the board’s resolution providing for such dissolution and the dates and proceedings leading toward its adoption, if such dissolution is voluntary; and
    1. a list of persons to be notified upon completion of dissolution.
  1. The mayor shall review the statement filed and oversee the dissolution to protect the public interest, or if so authorized by law, authorize or initiate proceedings in the superior court for the appointment and supervision of a receiver for such purposes. Upon satisfactory completion of dissolution proceedings the mayor shall indicate such dissolution by inscription of “Charter Canceled” on the original charter of the authority on file with the city clerk and, when available, on the duplicate original of the authority, and the existence of the authority will cease. The city clerk will give notice thereof to the secretary of state and other persons requested by the authority in its dissolution statement.

Date Passed: Monday, March 26, 2007

Effective Date: Sunday, May 6, 2007

Recodification ORD C33995 Section 1