§ 2-257. Urban Renewal Agency.

(a)

The Council may itself exercise all the powers contained in this Division or may, if the Council by legislative act determines such action to be in the public interest, elect to have such powers exercised by a separate public body or agency as hereinafter provided. In the event the Council makes such determination, it shall proceed by ordinance to establish a public body or agency to undertake in the County the activities authorized by this Division. Such legislative act shall include provisions establishing the number of members of such public body or agency, the manner of their appointment and removal, the terms of the members and their compensation. The legislative act may include such additional provisions relating to the organization of the public body or agency as may be necessary.

(b)

In the event the Council enacts such a law, all of the powers under this Division shall, from the effective date of the Act, be vested in the public body or agency thereby established, except:

(1)

The power to pass a resolution to initiate an urban renewal project pursuant to Section 2-258;

(2)

The power to issue general obligation bonds pursuant to Section 2-268;

(3)

The power to appropriate funds, and to levy taxes and assessments pursuant to Section 2-256(a)(3).

(Laws 1963, ch. 778, Sec. 3; PLL 1963, Sec. 18-14)