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ORDINANCE NO. 2069 <br /> <br />ORDINANCE DISESTABLISHING DOWNTOWN BUSINESS <br />IMPROVEMENT AREA NO. 2 <br /> IMPROVEMENT AREA NO. 2 <br /> WHEREAS, pursuant to Ordinance No. 2036, adopted March 25, <br /> 1991, this Council established Downtown Business Improvement Area <br /> No. 2, including benefit zones therein (the "Area") , in <br /> accordance with the Parking and Business Improvement Area Law of <br /> 1989 (Sts. & Hwy. Code §36500 et seq.; the "B IA Law"); and <br /> WHEREAS, pursuant to Resolution No. 12016 entitled, <br /> "Resolution of Intention to Disestablish Downtown Business <br /> Improvement Area No. 2 and Setting Public Hearing on the Question <br /> of Disestablishment", this Council declared its intention to <br /> disestablish the Area in accordance with the BIA Law; and <br /> WHEREAS, on August 16, 1993, a duly noticed public hearing <br /> on the question of disestablishment of the Area pursuant to <br /> Streets and Highway Code Section 36550 was held by this Council, <br /> at which hearing all persons interested in the matter testified <br /> on the question of said disestablishment; and <br /> WHEREAS, for the reasons set forth in Resolution No. 12016, <br /> this Council has found and determined that the Area should be <br /> disestablished; <br /> NOW, THEREFORE; <br /> THE COUNCIL OF REDWOOD CITY DOES ORDAIN AS FOLLOWS: <br /> SECTION 1. This Council hereby finds and determines that <br /> there are no remaining funds derived from, or other assets <br /> acquired with, revenues of the assessments heretofore levied <br /> - - <br />