(A) The Council finds and declares that the New Mexico State Legislature has enacted the Metropolitan Redevelopment Code, Sections 3-60A-1 et seq. NMSA 1978, (hereinafter referred to as the “Metropolitan Redevelopment Code”) conferring certain powers upon the City Council.
(B) The Council further finds and declares that the Metropolitan Redevelopment Code authorizes the creation by the Council of a Metropolitan Redevelopment Agency and the delegation to the Agency of the exercise of the metropolitan redevelopment project powers set forth in the Code.
(C) The Council further finds and declares that it is in the public interest to delegate said powers to a Metropolitan Redevelopment Agency.
(D) The Council further finds and declares that it is in the public interest to provide the staff for the Metropolitan Redevelopment Agency.
('74 Code, § 7-22-2) (Ord. 54- 1979; Am. Ord. 2015-008)