PARRIS N. GLENDENING, Governor                               Ch. 40

(IV) TO INVEST ANY URBAN RENEWAL FUNDS HELD IN RESERVES
OR SINKING FUNDS OR ANY OF THESE FUNDS NOT REQUIRED FOR IMMEDIATE
DISBURSEMENT IN PROPERTY OR SECURITIES WHICH ARE LEGAL INVESTMENTS
FOR OTHER MUNICIPAL FUNDS;

(4)      (I) TO HOLD, IMPROVE, CLEAR, OR PREPARE FOR
REDEVELOPMENT ANY PROPERTY ACQUIRED IN CONNECTION WITH URBAN
RENEWAL PROJECTS;

(II) TO MORTGAGE, PLEDGE, HYPOTHECATE, OR OTHERWISE
ENCUMBER THAT PROPERTY; AND

(III) TO INSURE OR PROVIDE FOR THE INSURANCE OF THE
PROPERTY OR OPERATIONS OF THE MUNICIPALITY AGAINST ANY RISKS OR
HAZARDS, INCLUDING THE POWER TO PAY PREMIUMS ON ANY SUCH INSURANCE;

(5)     TO MAKE AND EXECUTE ALL CONTRACTS AND OTHER
INSTRUMENTS NECESSARY OR CONVENIENT TO THE EXERCISE OF ITS POWERS
UNDER THIS APPENDIX, INCLUDING THE POWER TO ENTER INTO AGREEMENTS
WITH OTHER PUBLIC BODIES OR AGENCIES (THESE AGREEMENTS MAY EXTEND
OVER ANY PERIOD, NOTWITHSTANDING ANY PROVISION OR RULE OF LAW TO THE
CONTRARY), AND TO INCLUDE IN ANY CONTRACT FOR FINANCIAL ASSISTANCE
WITH THE FEDERAL GOVERNMENT FOR OR WITH RESPECT TO AN URBAN RENEWAL
PROJECT AND RELATED ACTIVITIES WHATEVER CONDITIONS IMPOSED PURSUANT
TO FEDERAL LAWS AS THE MUNICIPALITY CONSIDERS REASONABLE AND
APPROPRIATE;

(6)     TO ENTER INTO ANY BUILDING OR PROPERTY IN ANY URBAN
RENEWAL AREA IN ORDER TO MAKE INSPECTIONS, SURVEYS, APPRAISALS,
SOUNDINGS, OR TEST BORINGS, AND TO OBTAIN AN ORDER FOR THIS PURPOSE
FROM THE CIRCUIT COURT FOR THE COUNTY IN WHICH THE MUNICIPALITY IS
SITUATED IN THE EVENT ENTRY IS DENIED OR RESISTED;

(7)     TO PLAN, REPLAN, INSTALL, CONSTRUCT, RECONSTRUCT, REPAIR,
CLOSE, OR VACATE STREETS, ROADS, SIDEWALKS, PUBLIC UTILITIES, PARKS,
PLAYGROUNDS, AND OTHER PUBLIC IMPROVEMENTS IN CONNECTION WITH AN
URBAN RENEWAL PROJECT; AND TO MAKE EXCEPTIONS FROM BUILDING
REGULATIONS;

(8)     TO GENERALLY ORGANIZE, COORDINATE, AND DIRECT THE
ADMINISTRATION OF THE PROVISIONS OF THIS APPENDIX AS THEY APPLY TO THE
MUNICIPALITY IN ORDER THAT THE OBJECTIVE OF REMEDYING SLUM AND
BLIGHTED AREAS AND PREVENTING ITS CAUSES WITHIN THE MUNICIPALITY MAY
BE PROMOTED AND ACHIEVED MOST EFFECTIVELY; AND

(9)     TO EXERCISE ALL OR ANY PART OR COMBINATION OF THE POWERS
GRANTED IN THIS APPENDIX.

A1-104. ESTABLISHMENT OF URBAN RENEWAL AGENCY.

(A) A MUNICIPALITY MAY ITSELF EXERCISE ALL THE POWERS GRANTED BY
THIS APPENDIX, OR MAY, IF ITS LEGISLATIVE BODY BY ORDINANCE DETERMINES

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