HomeMy WebLinkAboutReso 1992-16502 RESOLUTION NO. 16502
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CHULA
VISTA TO SUPPORT EFFORTS TO FIND A SUITABLE ALTERNATIVE
TO FOREIGN INVESTMENT IN MCDONNELL DOUGLAS AND GENERAL
DYNAMICS CORPORATIONS
WHEREAS, McDonnell Douglas Corporation, Lon9 Beach, has demonstrated before
a Committee of Con9ress the need for additional capital and facilities to develop
the MD-12 commercial aircraft; and,
WHEREAS, Taiwan Aerospace has made offers to buy significant percentages
of McDonnell Douglas Corporation and General Dynamics Corporation, Convair
Division which constructs fuselages for McDonnell Douglas aircraft; and,
WHEREAS, these two venerable defense and commercial aviation contractors
have been integral parts of the greater Southern California community and its
labor force since 1935; and,
WHEREAS, the livelihood of 53,000 direct employees and their families, plus
the livelihood of more than 200,000 others as employees and principals of vendor
and subcontracting firms, are dependent upon the continued presence and future
expansion of these two corporations here in Southern California; and,
WHEREAS, for the security of our country's aerospace technology, for
preservation of aerospace jobs in Southern California and the nation, and for
youth training and skilled employment opportunities now and in the coming
century.
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Chula
Vista does hereby wholly support efforts to find a suitable alternative to
foreign investment in McDonnell Douglas and General Dynamics Corporations if same
can be accomplished without the loss of significant numbers of jobs or the
disruption of the business of McDonnell Douglas and General Dynamics
Corporations.
BE IT FURTHER RESOLVED that the City of Chula Vista does hereby request
that Congress and the President of the United States postpone approval of any
partnership or purchase with, or by Taiwan Aerospace, or any other foreign
entity, for such reasonable time as necessary to find an American solution to
capitalization of these vital and respected giants of the aerospace industry if
such postponement or delay in approval can be accomplished without the loss of
si9nificant numbers of American jobs or the disruption of the business of
McDonnell Dou91as and General Dynamics Corporations.
Resolution No. 16502
Page 2
BE IT FURTHER RESOLVED that the City of Chula Vista does not support the
delay of the merger if alternative American capital cannot be found, and if such
a delay would adversely impact jobs in the State of California.
Presented by Approved as to f by
Stel/nanle Snyder~ Bruce M. Boogaard -
Principal Management Assistant City Attorney
Resolution No. 16502
Page 3
PASSED, APPROVED and ADOPTED by the City Council of the City of Chula
Vista, California, this 18th day of February, 1992, by the following vote:
YES: Councilmembers: Grasser Horton, Malcolm, Moore,
Rindone, Nader
NOES: Councilmember: None
ABSENT: Councilmembers: None
ABSTAIN: Councilmembers: None
Tim ~d~ Mayor
ATTEST:
Beverly ~. Authelet, City Clerk
STATE OF CALIFORNIA )
COUNTY OF SAN DIEGO ) ss.
CITY OF CHULA VISTA )
I, Beverly A. Authelet, City Clerk of the City of Chula Vista, California, do
hereby certify that the foregoing Resolution No. 16502 was duly passed, approved,
and adopted by the City Council held on the 18th day of February, 1992.
Executed this 18th day of February, 1992.
BeVerly Af Authelet, City Clerk