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Article 4. Additional Powers and Duties
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A. Findings.

1. The council finds and determines that the notice of public hearing prescribed by Section 33200, California Health and Safety Code, has been given and that the public hearing conducted July 22, 1976, by the City Council was regularly called and valid.

2. The council finds and determines full public disclosure has been made of all reports and proposals relating to the City Council’s consideration of whether the council should declare itself to be the Redevelopment Agency of the City and that such reports and proposals were disclosed prior to the taking of any legislative action on the question of whether the council should declare itself to be the Redevelopment Agency.

3. The council finds and determines that due consideration has been given the testimony presented at the public hearing conducted July 22, 1976.

4. It is further found and determined by the council that, by declaring itself to be the Redevelopment Agency of the City, the public interest, public safety and welfare will be served in a more effective manner than the current organization.

B. Powers Enumerated. On August 26, 1976, the date the ordinance codified in this section became effective, the City Council, acting as the Redevelopment Agency of the City, shall be empowered to exercise and have all the rights, powers, duties, privileges and immunities vested in a Redevelopment Agency pursuant to the Community Redevelopment Law of the state. (Ord. 4924-NS §§ 1, 2, 1976)