2.60.010 Council findings.

The city council of the city declares and finds the following:

(A) Based on current local conditions, a need no longer exists for the American Canyon community development agency established by the council in 1993 pursuant to Ordinance No. 93-15, to operate within the city.

(B) The American Canyon community agency has no outstanding indebtedness, and no other unpaid loans, indebtedness, or advances, and no legally binding contractual obligations with any persons or entities.