Ch. 266                                    1996 LAWS OF MARYLAND

COMPENSATION, AS AGREED UPON BETWEEN THE PARTIES. OR AWARDED BY A
JURY. BEING FIRST PAID OR TENDERED TO THE PARTY ENTITLED TO THAT
COMPENSATION.

(C) ALL LAND OR PROPERTY NEEDED. OR TAKEN BY THE EXERCISE OF THE
POWER OF EMINENT DOMAIN, BY THE REDEVELOPMENT AUTHORITY PURSUANT TO
A DELEGATION OF AUTHORITY FROM THE COUNTY IS HEREBY DECLARED TO BE
NEEDED OR TAKEN FOR A PUBLIC USE OR A PUBLIC BENEFIT.

(D) LAND OR PROPERTY OWNED BY A FEDERAL, STATE OR LOCAL
GOVERNMENT, OR ANY AGENCY THEREOF. MAY NOT BE ACQUIRED BY THE
REDEVELOPMENT AUTHORITY BY EXERCISE OF THE POWER OF EMINENT DOMAIN
WITHOUT THE PRIOR CONSENT OF THE FEDERAL, STATE, OR LOCAL GOVERNMENT
OR AGENCY THEREOF OWNING THE LAND OR PROPERTY.

(E) NOTWITHSTANDING THE DELEGATION OF THE POWER OF EMINENT
DOMAIN BY THE COUNTY TO THE REDEVELOPMENT AUTHORITY. A DECISION OF
THE REDEVELOPMENT AUTHORITY TO TAKE OWNER-OCCUPIED RESIDENTIAL
REAL PROPERTY MUST HAVE THE PRIOR APPROVAL OF THE COUNTY COUNCIL
AFTER NOTICE TO THE PROPERTY OWNER.

15B-107.

(A) FOR THE PUBLIC PURPOSES SET FORTH IN § 15B-103 OF THIS SUBTITLE,
AND SUBJECT TO LOCAL LAW AND THE PROVISIONS OF THIS SUBTITLE, THE
REDEVELOPMENT AUTHORITY MAY:

(1)     ACQUIRE, PURCHASE OR OTHERWISE OBTAIN, HOLD, AND USE ANY
PROPERTY, REAL, PERSONAL OR MIXED. TANGIBLE OR INTANGIBLE, OR ANY
INTEREST THEREIN;

(2)     LEASE AS LESSEE ANY PROPERTY, REAL PERSONAL, OR MIXED,
TANGIBLE OR INTANGIBLE, OR ANY INTEREST THEREIN;

(3) LEASE AS LESSOR ANY PROPERTY, REAL, PERSONAL, OR MIXED,
TANGIBLE OR INTANGIBLE OR ANY INTEREST THEREIN, AT ANY TIME ACQUIRED
BY THE REDEVELOPMENT AUTHORITY;

(4) MORTGAGE OR OTHERWISE PLEDGE OR ENCUMBER ANY
PROPERTY, REAL PERSONAL, OR MIXED. TANGIBLE OR INTANGIBLE, OR ANY
INTEREST THEREIN. OF THE REDEVELOPMENT AUTHORITY; AND

(5) SELL TRANSFER, OR CONVEY ANY PROPERTY. REAL, PERSONAL, OR
MIXED. TANGIBLE OR INTANGIBLE, OR ANY INTEREST THEREIN, ACQUIRED BY THE
REDEVELOPMENT AUTHORITY AT ANY TIME

(B) THE REDEVELOPMENT AUTHORITY MAY ACCEPT GRANTS FROM MAKE
LOANS TO, AND ENTER INTO CONTRACTS WITH ANY FEDERAL, STATE, OR LOCAL
AGENCY, OR ANY PRIVATE ENTITY OR PARTY.

- 1772 -