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If the City Council determines that it is necessary and desirable to create a Community Planning Committee within the territory as defined in the initiative petition, they shall adopt a resolution which shall:

A. Fix the boundary of the territory to be represented by the Community Planning Committee after receiving a recommendation on said boundaries from the Planning Commission of the City;

B. Adopt the name of the Community Planning Committee and establish a time and place for the convening of a meeting of the Community Planning Committee, which shall be open to all residents and property owners of the community defined in the resolution. (Ord. 1367 § 1, 1971; prior code § 2.1004).