The City, known and conducting itself as the Parma Public Housing Agency, and acting by and through its Council and officers, having been granted all powers of local self-government by the Constitution of the State, has and reserves to itself the power and authority to clear, plan and rebuild slum areas within the City and to provide safe and sanitary housing accommodations to families of low income. In order to accomplish those purposes, the City, by way of illustration and not of limitation, may:
(a) Sue and be sued; have a seal; have corporate succession; receive grants from State, Federal or other governments or from private sources; and conduct investigations into housing and living conditions;
(b) Determine what areas constitute slum areas; prepare plans for housing projects; purchase, lease, sell, exchange, transfer, assign or mortgage any property, real or personal, or any interest therein, or acquire the same by gift, bequest or eminent domain; own, hold, clear and improve property; provide and set aside housing projects, or dwelling units comprising portions of housing projects, designed especially for the use of families, the head of which or his or her spouse is sixty-two years of age or older, or for families as that term is defined under the United States Housing Act of 1937, as amended; engage in or contract for the construction, reconstruction, alteration or repair, or both, of any housing project or part thereof; administer housing programs; plan and replan streets, alleys and other public places or facilities in connection with any area or project; borrow money upon its notes, debentures or other evidences of indebtedness, and secure the same by mortgages upon property held by it, or by pledge of its revenues, or in any other manner; and invest any funds held in reserves or sinking funds or not required for immediate disbursements; and
(c) Borrow money or accept grants or other financial assistance from the Federal government for or in aid of any housing project within the City; take over, lease or manage any housing project or undertaking constructed or owned by the Federal government; and comply with such conditions and enter into such mortgages, trust indentures, leases or agreements as are necessary, convenient or desirable.
(Ord. 66-85. Passed 3-20-85.)