The Lincoln Park Downtown Development Authority shall be charged with the following duties:
(a) Prepare an analysis of economic changes taking place in the downtown district.
(b) Study and analyze the impact of area growth upon the downtown district.
(c) Plan and propose construction and the renovation, repair, remodeling, rehabilitation, restoration, preservation or reconstruction of public facilities, existing buildings or a multiple-family dwelling unit, which may be necessary or appropriate to the execution of a plan which, in the opinion of the Board, aids in the economic growth of the downtown district.
(d) Develop long-range plans, in cooperation with the City Planning Commission, designed to halt deterioration and promote the economic growth of the downtown district and take such steps as may be necessary to persuade property owners to implement the plans to the fullest extent possible.
(e) Implement any plan of development in the downtown district necessary to achieve the purposes of this chapter, in accordance with the powers of the Authority granted by this chapter.
Make and enter into contracts necessary or incidental to the exercise of its powers and the performance of its duties.
(g) Acquire, by purchase or otherwise, on terms and conditions and in a manner the Authority deems proper, or own, or convey or otherwise dispose of, or lease as lessor or lessee, land and other property, real or personal, or rights or interests therein, which the Authority determines is reasonably necessary to achieve the purposes of this chapter, and grant or acquire licenses, easements and options with respect thereto.
(h) Improve land and construct, reconstruct, rehabilitate, restore, preserve, equip, improve, maintain, repair and operate any building, including multiple-family dwellings, and any necessary or desirable appurtenances thereto, within the downtown district, for the use, in whole or in part, of any public or private person or corporation, or a combination thereof.
Fix, charge and collect fees, rents and charges for the use of any buildings or property under its control, or any part thereof, for the payment of revenue bonds issued by the Authority.
Lease any building or property under its control, or any part thereof.
(k) Accept grants and donations of property, labor or other things of value from a public or private source.
Acquire and construct public facilities.
(Res. 95-155. Passed 3-13-95.)