Section 15-9-203 – Powers of Governing Body; Creation of Authority; Status Thereof.
15-9-203. Powers of governing body; creation of authority; status thereof. A municipality may itself exercise the powers specified in this article, or if the governing body, by resolution, determines it to be in the public interest, it may elect to create and establish a downtown development authority, pursuant to the provisions of this article. The […]
Section 15-9-204 – Organizational Procedure.
15-9-204. Organizational procedure. (a) Upon petition of twenty-five percent (25%) of the persons owning nonresidential property within the proposed district and following a public hearing, if the governing body of a municipality determines it is necessary to establish a downtown development authority for the public health, safety, prosperity, security and welfare and to carry out […]
Section 15-9-205 – Board; Appointment; Membership; Terms; Vacancies.
15-9-205. Board; appointment; membership; terms; vacancies. (a) The affairs of the authority shall be under the direct supervision and control of a board consisting of not less than five (5) nor more than eleven (11) members appointed by the governing body. A majority of the members appointed shall reside, be a lessee or own property […]
Section 15-9-135 – Agency; Staff.
15-9-135. Agency; staff. An agency may employ an executive director, technical experts and any other agents and employees it requires and determine their qualifications, duties and compensation. An agency may also employ or retain its own counsel and legal staff.
Section 15-9-136 – Agency; Annual Reports.
15-9-136. Agency; annual reports. An agency authorized to transact business and exercise powers under this chapter shall file with the local governing body on or before May 31 of each year a report of its activities for the preceding calendar year. The report shall include a complete financial statement setting forth its assets, liabilities, income […]
Section 15-9-137 – Voluntary Conflicts of Interest Prohibited; Disclosure of Involuntary Conflicts; Violation.
15-9-137. Voluntary conflicts of interest prohibited; disclosure of involuntary conflicts; violation. No public official or employee of a municipality, or board or commission thereof, and no commissioner or employee of an urban renewal agency vested by a municipality with urban renewal project powers under W.S. 15-9-133 shall voluntarily acquire any personal interest, direct or indirect, […]
Section 15-9-133 – Exercise of Powers; Delegation and Scope Thereof; Exceptions.
15-9-133. Exercise of powers; delegation and scope thereof; exceptions. (a) A municipality may itself exercise its urban renewal powers as specified in this chapter. (b) As used in this section, “urban renewal powers,” when applied to their exercise by the urban renewal agency, include the rights, powers, functions and duties of a municipality set forth […]
Section 15-9-134 – Agency; Creation; Board of Commissioners; Appointment; Compensation; Actions and Procedure; Removal.
15-9-134. Agency; creation; board of commissioners; appointment; compensation; actions and procedure; removal. (a) There is created in each municipality a public body corporate and politic to be known as the “urban renewal agency” of the municipality. The urban renewal agency shall not exercise its powers under this chapter until or unless the local governing body […]
Section 15-9-123 – Bonds; Resolution or Ordinance; Characteristics.
15-9-123. Bonds; resolution or ordinance; characteristics. Bonds issued under this chapter shall be authorized by resolution or ordinance of the local governing body. The bonds may be issued in one (1) or more series and shall bear the date or dates, be payable upon demand or mature at the time or times, bear interest at […]
Section 15-9-124 – Bonds; Sale or Exchange.
15-9-124. Bonds; sale or exchange. Bonds may be sold at not less than par at public sales held after notice published prior to the sale in a newspaper having a general circulation in the area of operation and in any other medium of publication as the municipality determines or may be exchanged for other bonds […]