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Martin O'Malley, Governor
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S.B. 1009
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(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 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 ANY 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;
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(8) TO GENERALLY ORGANIZE, COORDINATE, AND DIRECT THE
ADMINISTRATION OF THE PROVISIONS OF THIS APPENDIX AS THEY APPLY TO
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- 4537 -
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