164.03 POWERS.
   The Agency is a public body, corporate and politic, exercising public and essential governmental functions. The Agency shall have all the powers necessary or convenient to carry out and effectuate the purposes and provisions of this article and the West Virginia Land Reuse Agency Authorizing Act, including but not limited to the following:
      (1)   To adopt, amend, and repeal bylaws for the regulation of its affairs and the conduct of its business;
      (2)   To sue and be sued in its own name and be a party in a civil action, as well as to file an action in circuit court to quiet title pursuant to West Virginia Code Section 31-18E-16;
      (3)   To adopt a seal and to alter the same at pleasure;
      (4)   To borrow from federal government funds, from the state, from private lenders, or from municipalities or counties, as necessary, for the operation and work of the Agency;
      (5)   To issue negotiable revenue bonds and notes according to the provisions of the West Virginia Land Reuse Agency Authorizing Act;
      (6)   To procure insurance or guarantees from the federal government or the state for the payment of debt incurred by the Agency and to pay premiums in connection with the insurance or guarantee;
      (7)   To enter into contracts and other instruments necessary, incidental, or convenient to the performance of its duties and the exercise of its powers, including intergovernmental cooperation agreements for the joint exercise of powers under this article;
      (8)   To enter into contracts and intergovernmental cooperation agreements with municipalities or counties for the performance of functions by municipalities or counties on behalf of the Agency or by the Agency on behalf of municipalities or counties;
      (9)   To make and execute contracts and other instruments necessary or convenient to the exercise of the powers of the Agency. Any contract or instrument signed shall be executed by and for the Agency by:
         A.   The chair or vice chair of the Agency; and
         B.   Either:
            (i)    The secretary or assistant secretary of the Agency; or
            (ii)   The treasurer or assistant treasurer of the Agency;
      (10)   To procure insurance against losses in connection with the real property, assets, or activities of the Agency;
      (11)   To invest money of the Agency at the discretion of the board in instruments, obligations, securities, or property determined proper by the board and to name and use depositories for its money;
      (12)   To enter into contracts for the management of, the collection of rent from, or the sale of real property of the Agency;
      (13)   To design, develop, construct, demolish, reconstruct, deconstruct, rehabilitate, renovate, relocate, and otherwise improve real property or rights or interests in real property;
      (14)   To fix, charge, and collect rents, fees, and charges for the use of real property of the Agency and for services provided by the Agency;
      (15)   To grant or acquire licenses, easements, leases, or options with respect to real property of the Agency;
      (16)   To enter into partnerships, joint ventures, and other collaborative relationships with municipalities, counties, and other public and private entities for the ownership, management, development, and disposition of real property;
      (17)   To organize and reorganize the executive, administrative, clerical, and other departments of the Agency and to fix the duties, powers, and compensation of employees, agents, and consultants of the Agency, provided that such compensation is in conformity to and compliance with salaries and compensations therefor affixed by the City; and
      (18)   To do all other things necessary or convenient to achieve the objectives and purposes of the Agency or other law related to the purposes and responsibility of the Agency. (Ord. 2283. Passed 10-17-19.)