30-A §5120. Grant of funds by municipality
§5120. Grant of funds by municipality The municipality may grant funds to the authority for the purpose of aiding the authority in carrying out any of its powers and functions under this chapter. To obtain funds for this purpose, the municipality may levy taxes and may issue and sell its bonds. Any bonds issued by […]
30-A §5121. Title of purchaser
§5121. Title of purchaser Any instrument executed by the authority and purporting to convey any right, title or interest in any property under this chapter is conclusive evidence of compliance with this chapter insofar as title or other interest of any bona fide purchasers, lessees or transferees of the property is concerned. [PL 1987, […]
30-A §5122. Interest of public officials, trustees or employees
§5122. Interest of public officials, trustees or employees 1. Acquisition of interest. No public official or employee of a municipality, or board or commission of a municipality, and no trustee or employee of an authority which has been vested by a municipality with urban renewal project powers under this chapter may voluntarily acquire any personal […]
30-A §5109. Acquisition and development of land
§5109. Acquisition and development of land 1. Acquisition of undeveloped land. If the municipal officers determine by resolution that the acquisition and development of undeveloped vacant land, not within a slum or blighted area, is essential to the proper clearance or redevelopment of slum or blighted areas or a necessary part of the general slum-clearance […]
30-A §5101. Definitions
§5101. Definitions As used in this chapter, unless the context otherwise indicates, the following terms have the following meanings. [PL 1987, c. 737, Pt. A, §2 (NEW); PL 1987, c. 737, Pt. C, §106 (NEW); PL 1989, c. 6 (AMD); PL 1989, c. 9, §2 (AMD); PL 1989, c. 104, Pt. C, §§8, 10 […]
30-A §5102. Creation of authority
§5102. Creation of authority A municipality may create an Urban Renewal Authority under this chapter as follows. [PL 1987, c. 737, Pt. A, §2 (NEW); PL 1987, c. 737, Pt. C, §106 (NEW); PL 1989, c. 6 (AMD); PL 1989, c. 9, §2 (AMD); PL 1989, c. 104, Pt. C, §§8, 10 (AMD).] 1. […]
30-A §5103. Organization
§5103. Organization There is created in each municipality that adopts section 4802 a public body corporate and politic to be known as the “Urban Renewal Authority” of the municipality. [PL 1987, c. 737, Pt. A, §2 (NEW); PL 1987, c. 737, Pt. C, §106 (NEW); PL 1989, c. 6 (AMD); PL 1989, c. 9, […]
30-A §5104. Powers
§5104. Powers The authority shall exercise public and essential governmental functions, and have all the powers necessary to carry out and effectuate the purposes and provisions of this chapter, including the following powers in addition to others granted in this chapter: [PL 1987, c. 737, Pt. A, §2 (NEW); PL 1987, c. 737, Pt. […]
30-A §5105. Workable program
§5105. Workable program 1. Goals of program. For the purposes of this chapter, the authority may formulate for the municipality a workable program for using appropriate private and public resources to: A. Eliminate and prevent the development or spread of slums and urban blight; [PL 1987, c. 737, Pt. A, §2 (NEW); PL […]
30-A §5106. Preparation and approval of renewal plans
§5106. Preparation and approval of renewal plans The authority may not acquire real property for a renewal project unless the municipal officers of the municipality have approved the renewal plan by resolution, as prescribed in this section. [PL 1987, c. 737, Pt. A, §2 (NEW); PL 1987, c. 737, Pt. C, §106 (NEW); PL […]