Ord 1806 - Declaring the Need for Redevelopment Agency to Function and Declaring The Town Council to be the Redevelopment Agency for the Town

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ORDINANCE 1806 ORDINANCE OF THE TOWN OF LOS GATOS DECLARING THE NEED FOR A REDEVELOPMENT AGENCY TO FUNCTION IN THE TOWN OF LOS GATOS AND DECLARING THE TOWN COUNCIL TO BE THE REDEVELOPMENT AGENCY FOR THE TOWN OF LOS GATOS WHEREAS, the California Community Redevelopment Law (Health and Safety Code Section 33000 et sea .) in Section 33100 creates in the Town of Los Gatos a public body, corporate and politic, known as the redevelopment agency, for the purposes of exercising the powers granted by the Community Redevelopment Law; and WHEREAS, Section 33101 of the Community Redevelopment Law provides that as an alternative to the appointment of five (5) members of the redevelopment agency, the Town Council may declare itself to be said agency, in which case all rights, powers, duties, privileges and immunities of the redevelopment agency shall be vested in the Town Council. THE TOWN COUNCIL OF THE TOWN OF LOS GATOS DOES HEREBY ORDAIN: SECTION I It is hereby found, determined and declared that there is a need for a redevelopment agency to function in the Town of Los Gatos in accordance with the provisions of the Community Redevelopment Law. SECTION II Said redevelopment agency is hereby established pursuant to Section 33101 of the Community Redevelopment Law, to be known as the Redevelopment Agency of the Town of Los Gatos. Said redevelopment agency is hereto authorized to transact business and exercise its powers under provisions of the Community Redevelopment Law. SECTION III Pursuant to the provisions of Sections 33200 of the Community Redevelopment Law, this Town Council hereby declares itself to be the Redevelopment Agency of the Town of Los Gatos.