It is hereby found and declared, pursuant to Section 33101 of the Community Redevelopment Law, constituting Part 1 of Division 24 of the California Health and Safety Code, that there is a need for the redevelopment agency created by Section 33100 of the Community Redevelopment Law to function in the city of Chico, and said agency is hereby authorized to transact business and exercise its powers under the Community Redevelopment Law. Said agency shall be known as the “Chico redevelopment agency” (the “agency”).
(Ord. 1395 §1)
The city council of the city hereby declares itself to be the agency, with all the rights, powers, duties, privileges, and immunities vested by the Community Redevelopment Law, constituting Part 1 of Division 24 of the California Health and Safety Code, in the agency, pursuant to Section 33200 of the Community Redevelopment Law. It is hereby found that such action will serve the public interest and promote the public safety and welfare in an effective manner.
(Ord. 1395 §2)