(A) The City Council hereby finds and deteraiines that it is necessary and desirable for purposes of providing for the redevelopment and general welfare of the city that a community redevelopment authority be created pursuant to Neb. RS 18-2102.01, reissue 2012, of the state’s Community Development Law, being Neb. RS 18-2101 to 18-2154 (the “Act”).
(B) There shall be and there is hereby created in and for the city an agency to be known as the “Community Redevelopment Authority of the City of Cozad, Nebraska” (the “Authority”), which shall consist of seven members selected from the Board of Directors of the Cozad Development Corporation. The Authority shall exercise all of the power and authority granted to a community redevelopment authority in the Act codified at Neb. RS 18-2101 to 18-2144 and 18-2147 to 18-2153, reissue 2012, as amended, and as hereafter amended.
(C) The President of the Cozad Development Corporation shall hold one of the seven seats on the Authority and shall serve as the Chairperson of the Authority. The Authority shall select one of its remaining six members as Vice Chairperson. The City Clerk shall serve as the ex officio Secretary of the Authority. The Authority may adopt rules for the transaction of its business and shall keep a record of its resolutions, transactions, findings and determinations, which records shall be made available for public inspection during regular business hours.
(D) The City Council hereby finds and determines that it is no longer necessary and desirable that the Community Development Agency of the city exist for purposes of providing for the redevelopment and general welfare of the city.
(E) The Community Development Agency of the city is hereby terminated and dissolved and shall no longer have the power or authority granted under the Act.
(F) The Authority shall be the successor in interest to the Community Development Agency of the city.
(Ord. 1470, passed 7-10-2017)