(a)A municipality may itself exercise its urban renewal project powers, as herein defined, or may, if the local governing body by resolution determines such action to be in the public interest, elect to have such powers exercised by the urban renewal agency created by section 3220 of this title or by the housing authority, if one exists or is subsequently established in the community. In the event the local governing body makes such determination, the urban renewal agency or the housing authority, as the case may be, shall be vested with all of the urban renewal project powers in the same manner as though all such powers were conferred on such agency or authority instead of the municipality. If the local governing body does not elect to make such determination, the municipality in its dis
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(a) A municipality may itself exercise its urban renewal project powers, as herein defined, or may, if the local governing body by resolution determines such action to be in the public interest, elect to have such powers exercised by the urban renewal agency created by section 3220 of this title or by the housing authority, if one exists or is subsequently established in the community. In the event the local governing body makes such determination, the urban renewal agency or the housing authority, as the case may be, shall be vested with all of the urban renewal project powers in the same manner as though all such powers were conferred on such agency or authority instead of the municipality. If the local governing body does not elect to make such determination, the municipality in its discretion may exercise its urban renewal project powers through a board or commissioner or through such officers of the municipality as the local governing body may by resolution determine.
(b) As used in this section, the term “urban renewal project powers” shall include the rights, powers, functions, and duties of a municipality under this chapter, except the following: the power to determine an area to be a slum or blighted area or combination thereof and to designate such area as appropriate for an urban renewal project and to hold any public hearing required with respect thereto; the power to approve urban renewal plans and modifications thereof; the power to approve general neighborhood renewal plans and community-wide plans or programs for urban renewal; the power to acquire, demolish, remove, or dispose of property as provided in subdivision 3209(4)(A); the power to establish as general plan for the locality as a whole; the power to formulate a workable program under section 3205 of this title; the power to make the determinations and findings provided for in sections 3204, 3206, and 3207(d) of this title; the power to issue general obligation bonds under subsection 3217(d); the power to assume the responsibility to bear loss as provided in subdivision 3209(4); and the power to appropriate funds, to levy taxes and assessments, and to exercise other powers provided for in subdivision 3209(9) of this title. (Amended 1966, No. 69 (Sp. Sess.), § 10, eff. March 14, 1966.)