The Fishers Economic Development Commission shall have all powers, privileges and duties as granted by IC 36-7-12 et seq. and hereinafter enacted with respect to the promotion of economic development, including, without limitation, the following:
(A) To enter into agreements concerning, and to acquire by any lawful means, land or interest in land and personal property needed for the purpose of this Commission.
(B) To exercise its power of eminent domain to acquire unimproved land or unoccupied facilities and the land relating thereto for the purpose of this Commission.
(C) To purchase, lease as lessee, construct, remodel, rebuild, enlarge or substantially improve facilities, including machinery and equipment.
(D) To lease facilities to users or developers with or without an option to purchase.
(E) To sell facilities to users or developers for consideration that may be paid in installments or otherwise.
(F) To make direct loans to users or developers for the cost of construction of facilities, in which event, the bonds shall be secured by the pledge of one or more notes, debentures, bonds or other secured or unsecured debt obligations of the user.
(G) To enter into agreements with users or developers to allow such users or developers to wholly or partially construct facilities to be acquired by the municipality.
(H) To issue bonds pursuant to the provisions of law, accomplish the purpose of the Commission and secure the payments of the bonds as provided by laws pertaining to this Commission.
(Ord. 5-7-79A, passed 5-7-79; Am. Ord. 020685, passed 5-2-85; Am. Ord. 091514A, passed 11-17-14)