5429
MONTGOMERY COUNTY

ACQUIRING AND OPERATING OPPORTUNITY HOUSING PROJECTS; TO
PROVIDE FOR THE CONSTRUCTION, RECONSTRUCTION,
IMPROVEMENT, ALTERATION OR REPAIR OF ANY OPPORTUNITY
HOUSING PROJECT, OR ANY PART THEREOF.

(C)      ACQUISITION OF LAND AND PROPERTY:
ACQUIRE, WITHIN THE BOUNDARY LINES OF MONTGOMERY COUNTY,
BY PURCHASE, GIFT, OPTION, CONDEMNATION OR ANY OTHER
LEGAL MEANS, REAL AND PERSONAL PROPERTY OF EVERY KIND,
AND ANY RIGHT, TITLE, INTEREST, FRANCHISE, EASEMENT OR
PRIVILEGE THEREIN, FOP USE IN OPPORTUNITY HOUSING
PROJECTS, ALL IN CONFORMITY WITH SECTION 20-37 OF THE
MONTGOMERY COUNTY CODE 1972, AS AMENDED.

(D)    SALES, LEASE, ETC.; GRANT, SELL, LEASE,
CONVEY, TRANSFER OR OTHERWISE DISPOSE OF OR RETURN ANY OF
THE AFORESAID REAL PROPERTY, REGARDLESS OF WHETHER OR NOT
IT HAS BEEN DEVELOPED, REDEVELOPED, ALTERED OR
UNIMPROVED, AND IRRESPECTIVE OF THE MANNER IN, OR MEANS
BY, WHICH IT MAY HAVE BEEN ACQUIRED, TO ANY SPONSORS OF
OPPORTUNITY DWELLINGS OR HOUSING OR TO ANY OTHER PRIVATE
OR PUBLIC OR QUASI-PUBLIC CORPORATION, PARTNERSHIP,
ASSOCIATION, PERSON, DEVELOPER, OR OTHER LEGAL ENTITY,
UPON SUCH TERMS AND CONDITIONS AS MAY BE DETERMINED BY
THE COUNTY TO MAKE ECONOMICALLY FEASIBLE THE DEVELOPMENT
OF OPPORTUNITY HOUSING WITHOUT THE NECESSITY OF PUBLIC
BIDDING OR PUBLIC SALE, EXPRESSLY FOR THE PURPOSE OF
CONSTRUCTING OPPORTUNITY HOUSING FOR PERSONS OF ELIGIBLE
INCOME; PROVIDED THAT SUCH DISPOSITION, GRANT OR LEASE OF
ANY SUCH PROPERTY SHALL FIRST HAVE BEEN ADVERTISED ONCE A
WEEK FOR THREE SUCCESSIVE WEEKS IN ONE OR MORE NEWSPAPERS
OF GENERAL CIRCULATION PUBLISHED IN THE COUNTY, STATING
THE TERMS AND THE COMPENSATION TO BE RECEIVED THEREFOR,
AND GIVING TIME FOR FILING OF OBJECTIONS THERETO; AND IN
THE EVENT SUCH CONVEYANCE TAKES PLACE THE PURCHASER OR
LESSEE THEREOF SHALL, PRIOR TO ENTERING INTO ANY CONTRACT
OR AGREEMENT TO RESELL, ENCUMBER, OR IN ANY WAY LEASE OR
OTHERWISE RETRANSFER THE PROPERTY, FIRST OBTAIN WRITTEN
CONSENT OF THE COUNTY EXECUTIVE.

(E)    PROVIDE SERVICES: ARRANGE OR CONTRACT
FOR THE FURNISHING BY ANY PERSON OR AGENCY, PUBLIC OR
PRIVATE, OF SERVICES, PRIVILEGES, WORKS, OR FACILITIES
FOR, OR IN CONNECTION WITH, AN OPPORTUNITY HOUSING
PROJECT OR THE OCCUPANTS THEREOF.

(F)    BORROW MONEY OR ISSUE BONDS: ISSUE BONDS
OR BORROW MONEY UNDER OTHER OBLIGATIONS FROM TIME TO TIME
AT MONTGOMERY COUNTY'S DISCRETION, IN ORDER TO CARRY OUT
THE PURPOSES STATED IN THIS ARTICLE.

(G)     INSURANCE: PROVIDE FOR THE SECURING OF
INSURANCE AGAINST ANY RISKS OR HAZARDS TO ANY REAL OR
PERSONAL PROPERTY OR OPERATIONS OF MONTGOMERY COUNTY IN