In accordance with Section 33101 of the Community Redevelopment Law (Health and Safety Code Sections 33000 et seq.), the city council finds and determines that there is a need for the redevelopment agency created by Section 33100 of that statute to function in the city. That agency is authorized to transact business and to exercise its powers under the Community Redevelopment Law, and it will be known as the La Puente redevelopment agency.
(Ord. 767 § 1 (part), 1998)