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Ch. 147
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2002 LAWS OF MARYLAND
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RENEWAL PROJECTS AND RELATED ACTIVITIES; AND TO APPLY FOR, ACCEPT, AND
UTILIZE GRANTS OF FUNDS FROM THE FEDERAL GOVERNMENT OR OTHER
GOVERNMENTAL ENTITY FOR THOSE PURPOSES;
(2) TO PREPARE PLANS FOR THE RELOCATION OF PERSONS (INCLUDING
FAMILIES, BUSINESS CONCERNS, AND OTHERS) DISPLACED FROM AN URBAN
RENEWAL AREA, AND TO MAKE RELOCATION PAYMENTS TO OR WITH RESPECT TO
THOSE PERSONS FOR MOVING EXPENSES AND LOSSES OF PROPERTY FOR WHICH
REIMBURSEMENT OR COMPENSATION IS NOT OTHERWISE MADE, INCLUDING THE
MAKING OF PAYMENTS FINANCED BY THE FEDERAL GOVERNMENT;
(3) TO APPROPRIATE WHATEVER FUNDS AND MAKE WHATEVER
EXPENDITURES AS MAY BE NECESSARY TO CARRY OUT THE PURPOSES OF THIS
APPENDIX, INCLUDING, BUT NOT LIMITED:
(I) TO THE PAYMENT OF ANY AND ALL COSTS AND EXPENSES
INCURRED IN CONNECTION WITH, OR INCIDENTAL TO, THE ACQUISITION OF LAND
OR PROPERTY, AND FOR THE DEMOLITION, REMOVAL, RELOCATION, RENOVATION,
OR ALTERATION OF LAND, BUILDINGS, STREETS, HIGHWAYS, ALLEYS, UTILITIES, OR
SERVICES, AND OTHER STRUCTURES OR IMPROVEMENTS, AND FOR THE
CONSTRUCTION, RECONSTRUCTION, INSTALLATION, RELOCATION, OR REPAIR OF
STREETS, HIGHWAYS, ALLEYS, UTILITIES, OR SERVICES, IN CONNECTION WITH
URBAN RENEWAL PROJECTS;
(II) TO LEVY TAXES AND ASSESSMENTS FOR THOSE PURPOSES;
(III) TO BORROW MONEY AND TO APPLY FOR AND ACCEPT
ADVANCES, LOANS, GRANTS, CONTRIBUTIONS, AND ANY OTHER FORM OF FINANCIAL
ASSISTANCE FROM THE FEDERAL GOVERNMENT, THE STATE, COUNTY, OR OTHER
PUBLIC BODIES, OR FROM ANY SOURCES, PUBLIC OR PRIVATE, FOR THE PURPOSES
OF THIS APPENDIX, AND TO GIVE WHATEVER SECURITY AS MAY BE REQUIRED FOR
THIS FINANCIAL ASSISTANCE; AND
(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 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
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- 1474 -
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