In addition to those powers previously reserved to the mayor or city council, the following powers are specifically reserved to the city council:
A. All property interests acquired by the board, whether real or personal, shall be acquired in the name of the city and at all times remain an asset of the city.
B. The exercise of the power of eminent domain.
C. The levying of real property taxes.
D. The undertaking of debt, including the issuance of bonds or the execution of any form of loan or promissory note.
E. The mortgage, sale or conveyance of airport assets or real property or its encumbrance for a period in excess of three (3) years.
F. Approval and acceptance of state or federal grants or subsidies.
G. The establishment of insurance limits and procurement of insurance for the airport.
H. The representation and defense of the airport in all disputes, claims, actions or lawsuits, including the settlement of all such matters.
I. Approval of the airport land use development plans and any amendments thereto. The city council shall provide directives to the board for carrying out such plan which the board shall be required to follow.
J. The right to have any person aggrieved by the board in matters of health, safety or property appear before the city council. (Ord. 4400, 12-13-1999)