§ 45-33.2-5 - Authorization to undertake projects – Powers.
SECTION 45-33.2-5
§ 45-33.2-5 Authorization to undertakeprojects – Powers. – Cities and towns are authorized to undertake projects pursuant to duly adoptedproject plans. In addition to powers granted under this section or by any otherlaw, for the purposes of carrying out a project as authorized by this chapter,a city or town has the following powers:
(1) To incur indebtedness, and pledge tax increments andother project revenues for repayment of indebtedness;
(2) To designate a board or officer of the city or town to beresponsible for administering the project plan;
(3) To make and enter into all contracts and agreementsnecessary in order to carry out the project;
(4) To receive from the federal government or the state,loans or grants for or in aid of a project, and to receive contributions fromany other source to defray project costs;
(5) To purchase or otherwise acquire property or interests inproperty therein within or without a project area as the city or town may deemnecessary in order to carry out the project;
(6) To make relocation payments to persons, businesses, ororganizations that may be displaced as a result of carrying out the project;
(7) To clear and improve property acquired by it pursuant tothe project plan, and construct public facilities on it, or contract for theconstruction, development, redevelopment, rehabilitation, remodeling,alteration, or repair of the property;
(8) To cause parks, playgrounds, or schools or water, sewer,or drainage facilities, or any other public improvements which it otherwise isauthorized to undertake, to be laid out, constructed, or furnished inconnection with the project;
(9) To lay out and construct, alter, relocate, change thegrade of, make specific repairs upon or discontinue public ways, and constructsidewalks in or adjacent to the project area;
(10) To cause private ways, sidewalks, ways for vehiculartravel, playgrounds, or water, sewer, or drainage facilities and similarimprovements to be constructed within the project area for the particular useof the project area of those dwelling or working in it;
(11) To adopt ordinances, or repeal or modify ordinances, orestablish exceptions to existing ordinances regulating the design,construction, and use of buildings;
(12) To sell, mortgage, lease as lessor, transfer, or disposeof any property or interest in property acquired by it pursuant to the projectplan for development, redevelopment, or rehabilitation in accordance with theplan;
(13) To grant or loan any project revenues, including theproceeds of any issue of bonds or notes issued pursuant to this chapter to anindividual or any private enterprise, nonprofit organization or governmental orquasi-governmental entity in order to finance the cost of any portion of aproject authorized under this chapter, including, without limiting thegenerality of the preceding, the cost of acquiring land for, and constructingor rehabilitating and equipping industrial or commercial developmentfacilities, within the project area in accordance with the plan, or to loanbond or note proceeds in order to refinance any loans;
(14) To invest project revenues as provided in §45-33.2-12; and
(15) To do all things reasonably necessary or convenient tocarry out the powers granted in this chapter.