(A) Declaration of blight. Pursuant to O.R.S. 457.035, the City Council, hereinafter referred to as “city”, hereby finds and declares that blighted areas, as defined in O.R.S. 457.010, exist within the city based upon the findings marked in Exhibit A attached to the ordinance establishing this section and incorporated by reference as fully set forth herein.
(B) Need. The city declares and recognizes that there is a need for an Urban Renewal Agency to function within the city.
(C) Powers and limitations. The city further declares, pursuant to O.R.S. 457.045(2), that all of the rights, powers, duties, privileges and immunities granted to and vested in an Urban Renewal Agency by the laws of this state shall be exercised by and vested in the Urban Renewal Agency of the city; provided, however, that any fact of the governing body acting as the Urban Renewal Agency shall be, and shall be considered, the act of the Urban Renewal Agency only and not of the City Council.
(D) Agency title. The corporate name of the agency created by this section shall be and the agency shall be known as the “City Urban Renewal Agency”.
(E) Membership. The City Urban Renewal Agency shall be comprised of seven members, including two members of the City Council as it lawfully exists from time to time; and five at-large positions as prescribed in the Agency’s bylaws.
(F) Effective date. This section shall take effect 30 days following its adoption by the Council.
(Prior Code, § 32.03) (Ord. 1211, passed 7-17-2006)