The city may acquire, construct, enlarge, remodel, renovate, alter, improve, furnish, equip, own, and lease as lessee a facility for the purpose of selling or leasing such facility to a participating party, and may contract with such participating party to undertake on behalf of the city to construct, enlarge, remodel, renovate, alter, improve, furnish, and equip such facility.
The city may sell or lease, upon such terms and conditions as the city shall deem proper, to a participating party any facility owned by the city under this chapter, including a facility conveyed to the city in connection with a financing under this chapter but not being financed or refinanced hereunder. (Prior code § 80.02.006)