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