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CITY COUNCIL OF THE CITY OF PLEASANTON <br /> <br /> ALAMEDA COUNTY, CALIFORNIA <br /> <br /> ORDINANCE NO. 1427 <br /> <br /> AN ORDINANCE OF THE CITY OF PT2ASANTON <br /> DECLARING THAT THEM IS NO NEED FOR THE <br /> REDEVELOPMENTAGENCY OF THE CITY OF <br /> PT2ASANTON TO FUNCTION IN THE COMMUNITY <br /> AND DEACTIVATING THE AGENCY. <br /> <br />WHEREAS, on November 3, 1987 the City Council of the City of <br /> Pleasanton found and determined that there was a <br /> need for a redevelopment agency to function in the <br /> City of Pleasanton and adopted an ordinance <br /> (Ordinance No. 1343) establishing the agency and <br /> declaring itself to be the agency; and <br /> <br />WHEREAS, the Agency has not redeveloped or acquired land <br /> for, or commenced the development of, a project, or <br /> entered into contracts for redevelopment since the <br /> adoption of said Ordinance; and <br /> <br />WHEREAS, the Agency has no outstanding bonded indebtedness, <br /> no other unpaid loans, indebtedness or advances, <br /> and no legally binding contractual obligations with <br /> persons or entities; and <br /> <br />WHEREAS, the City Council now finds, determines and declares <br /> that there is no current need for the Agency to <br /> function in the community. <br /> <br />THE CITY COUNCIL OF THE CITY OF PLEASANTON DOES HEREBY ORDAIN <br />AS FOLLOWS: <br /> <br />Section 1: The City Council hereby orders the Redevelopment <br /> Agency of the City of Pleasanton deactivated, the <br /> offices of the Agency members are vacated, and <br /> the capacity of the Agency to transact business or <br /> exercise any powers is suspended until the City <br /> Council adopts an ordinance declaring the need for <br /> the Agency to function. <br /> <br />Section 2: The City Clerk is hereby directed to file with <br /> the Secretary of State a certified copy of this <br /> ordinance. <br /> <br />Section 3: This ordinance shall be published once within <br /> fifteen (15) days after its adoption in "The Valley <br /> Times," a newspaper of general circulation <br /> published in the City of Pleasanton. <br /> <br /> <br />