A. To determine the location and character of any project to be financed under the provisions of this chapter, and to finance such projects.

B. To issue bonds (i) for the purpose of financing or otherwise assisting the acquisition of projects authorized by this chapter, or (ii) for the purpose of providing funds to be used as working capital or otherwise to finance general expenditures of exempt organizations, or (iii) for the purpose of funding or refunding bonds.

C. To fix fees, charges and interest rates for financing any project, and to revise such fees, charges and interest rates from time to time, and to collect interest and principal on any loan made to a participating party together with such fees and charges incurred in such financing, and to contract with any person, partnership, association, corporation or public agency with respect thereto.

D. To hold deeds of trust as security for financing any project and to pledge the same as security for repayment of bonds issued therefor

E. To establish the terms and conditions for the financing of any project undertaken pursuant to this chapter.

F. To require that the full amount owed on any loan for the financing of a project pursuant to this chapter shall be due and payable upon sale or other transfer of ownership of such project.

G. To acquire, by deed, purchase, lease, contract, gift, devise, or otherwise, any real or personal property, structures, rights, rights-of-way, franchises, easements, mortgages and other interests in property located within the state necessary or convenient for the financing or acquisition of a project, upon such terms and conditions as it deems advisable, and to lease, sell or dispose of the same in such manner as may be necessary or desirable to carry out the objects and purposes of this chapter. Notwithstanding the foregoing, nothing in this chapter is intended or shall be construed in any way to authorize any exercise of the power of eminent domain with respect to any project.

H. To employ or contract for such engineering, architectural, accounting, collection, economic feasibility or other services in connection with the servicing of loans made to participating parties, as may be necessary in the judgment of the council for the successful financing of a project. The city may pay the reasonable costs of consulting engineers, architects, accountants, construction experts and economic feasibility experts, if, in the judgment of the council, such services are necessary to the successful financing of a project and if the city is not able to provide such services. The city may employ, contract for, and fix the compensation of financing consultants, bond counsel and other advisers as may be necessary in its judgment to provide for the issuance and sale of bonds.

I. In addition to all other powers specifically granted in this chapter, to do all things necessary or convenient to carry out the purposes of this chapter. (Ord. 1047 (part), 1985)