The Authority shall have the full and complete authority to acquire, design, construct, improve, operate and administer the convention center complex located at the corner of 4th and Avery Streets and to make and enter into all contracts or agreements necessary or incidental to the performance of its duties provided that any contract or agreement relating to the financing, or the construction, reconstruction, establishment, acquisition, improvement, renovation, extension, enlargement, increase or equipment of said convention center complex, shall be approved by resolutions duly adopted by Council. The Authority shall prepare, make, adopt, prescribe and promulgate procedures, rules and regulations for the management of said convention center complex; provide for the safeguarding of and accountability for all funds derived from and in conjunction with the operation of the convention center complex; and determine, prescribe and collect all charges, fees and revenue of any kind due for the use of the convention center complex. The Authority will have the power to employ a manager and such other employees as are deemed necessary to properly operate the convention center complex or to secure, through contract, management for the operation of the convention center complex. The employment of such manager by the Authority, whether through direct employment by the Authority or through contracted management, shall be subject to the approval of Council by resolution duly adopted by Council.
The Authority shall prepare and submit its budget for the operation and management of the convention center complex to Council for each fiscal year. The budget shall provide a complete financial plan of all convention center funds and activities for the ensuing fiscal year and shall be in such form and contain such information as the Authority deems desirable or Council may require. Said budget shall be subject to the approval of Council by resolution duly adopted by Council.
In addition to the powers enumerated herein, the Authority shall be vested with all other powers granted such an Authority by the provisions of West Virginia Code Article 8-16, or successor provisions, but subject to the limitations as stated in this article, namely that such additional powers shall be confined to the single project here considered, that is the acquisition, design, construction, improvement, operation and administration of the convention center complex. (Ord. 0-872. Passed 3-24-98.)