The City of Reading Revitalization and Improvement Zone Authority shall have all the purposes, powers, and rights, as provided by Article XVIII-C of House Bill No. 465, Session of 2013, including, but not limited to, the designation of revitalization and improvement zones in the City, engaging in and financing the construction, including related site preparation and infrastructure, reconstruction or renovation of facilities within such revitalization and improvement zones, for purposes of taking any and all actions and performing any and all duties authorized by a Contracting Authority as defined in and authorized by Article XVIII-C of House Bill No. 465, Session of 2013, and shall have all the purposes, powers, and rights as provided by the Municipality Authorities Act.