(A) To carry out the economic development incentive program and promote the projects developed under this chapter, the city may exercise any power or authority permitted under state law, for the public purposes provided hereunder, and may do the following:
(1) Receipt of financial assistance. The city may seek or accept financial or any other assistance from public or private sources, including from the state or federal government, for the city's activities, powers, and duties hereunder;
(2) Acquisition of property. The city may purchase, lease, obtain option upon, acquire by gift, grant, bequest, devise, or otherwise, any real or personal property, any interest in property, and any improvements on it, including repurchase of developed property previously owned by the city;
(3) Management of property. The city may rent, maintain, manage, operate, repair and clear real property and may insure or provide for the insurance of any operations of the city against risks or hazards;
(4) CC&Rs. The city may provide for the retention of controls and the establishment of any restrictions or covenants running with the land for such periods of time and under such conditions as shall be necessary to effectuate the purposes hereof;
(5) Non-discrimination. The city shall include in all deeds, leases or contracts for sale, lease, sublease or transfer of land, non-discrimination clauses;
(6) Issuance of bonds. The city may issue its bonds or other financial instruments permitted by law and expend the proceeds from their sale to carry out the purposes hereof. The bonds and obligations issued by the city also may be purchased, invested in, or used for security;
(7) Site development. The city may clear or move buildings, structures or improvements from real property; may grade any site; and may develop as a building site any property owned by it. It may cause or make provisions with other agencies for the installation of streets, utilities, parks and other public improvements;
(8) Property disposition. The city may sell, lease, exchange, subdivide, transfer, assign, pledge, encumber or otherwise dispose of any real or personal property or any interest in property acquired by it;
(9) Remediation. The city may investigate and evaluate the condition of the property, prepare remediation plans and obtain approval thereof from regulatory agencies, and undertake remediation in accordance with such plans;
(10) Relocation. The city may provide:
(a) Relocation assistance to persons displaced by governmental action: and
(b) Aid and assistance to property owners in connection with rehabilitation loans and grants;
(11) Cooperation. The city shall cooperate with other public agencies in the formulating and administration of its economic development incentive programs. The planning commissions and the legislative bodies of the city and the cooperating public agencies may hold joint hearings and meetings regarding the projects assisted hereunder.
(B) Any powers exercised hereunder to carry out the purposes of this chapter must be carried out in accordance with state and federal law. Nothing herein shall permit the waiver of any applicable legal procedure or process.
(Ord. 2013-130, passed 8-21-2013)