I think that rather than founding the actual village, the 1st and 2nd kinda changed the name of the city and founded the order of the Hidden Leaf ninja, or whatever you want to call it. It'd be kinda ridiculous to think that the most powerful village in the world was created like 70 years ago--especially when you start talking about the bloodlines of the Uchiha and Hyuuga, which don't exactly evolve in terms of decades. It's highly likely that there were ninjas there for centuries, probably in rival clans or whatnot, until they were united into the Leaf Village.
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