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A. When authorized by resolution of the city council after a public hearing held with notice to the public corporation the mayor or city council as provided in said resolution may intervene, and exercise such control over a public corporation as is necessary and appropriate to correct any deficiency and/or to assure that the purposes of a program undertaken may be reasonably accomplished, including directing affirmative action, when:

1. The board of directors of the public corporation has requested such intervention by resolution;

2. The public corporation has failed to set forth the statement required by Section 2.104.390(C) and set forth in Section 2.104.140(A)(3) in written contracts, bonds or other documents;

3. The public corporation has represented to the public or to creditors that recourse may be had to the assets, property or credit of the city on account of acts or omissions of the public corporation, unless such secondary or direct liability be in fact expressly assumed by the city council;

4. The public corporation has failed to file an annual report as required by Section 2.104.400(A) after notice of such omission;

5. A deadlock has occurred in the board of directors, or the membership of the board of directors is insufficient to constitute a quorum for conduct of affairs so that the public corporation is unable to conduct its operations or perform its projects and activities;

6. The board of directors has continuously failed to conduct meetings as required by its charter, or the public corporation has neglected or refused to conduct a meeting after notice from the mayor or city council to do so pursuant to Section 2.104.320;

7. The board of directors has unreasonably impaired public participation in the conduct of projects and activities or oppressed or hindered any membership in its exercise of its powers and responsibilities;

8. The assets of the public corporation have been or are committed to be misapplied or wasted, or illegally expended; or

9. The public corporation has committed or is about to commit a material violation of this chapter or its charter.

B. The mayor or city council may take such actions as necessary to achieve the object of the intervention stated in the resolution of the city council and make corrections or revisions ancillary thereto, and shall accomplish the purposes of the intervention as expeditiously as reasonable; corporate officers shall not be displaced nor the conduct of their duties impaired more than necessary to accomplish the purposes of the intervention and the intervention shall cease as soon as the objectives stated in the resolution and corrections ancillary thereto have been accomplished. (Ord. 1016-84 § .440, 1984.)