[Ord. No. 1748, 11-6-1979]
The City Council hereby finds and
declares that there exist within the City "blighted areas" as that
term is defined and used in ORS Chapter 457, and that a need exists
for an Urban Renewal Agency to function within the City.
[Ord. No. 1748, 11-6-1979; Ord. No. 2091, Amended, 4-19-1994]
The City Council elects to have the
powers of an Urban Renewal Agency exercised by the City Council itself
and the Council, acting in its capacity as an Urban Renewal Agency
shall be known as the "Lake Oswego Redevelopment Agency (LORA)."
[Ord. No. 1748, 11-6-1979; Ord. No. 2091, Amended, 4-19-1994]
LORA shall, by resolution of the
agency, establish such bylaws and other rules of procedure as it deems
necessary or proper to carry out its lawful duties.