§ 9-36.4. Powers

In addition to the powers conferred upon municipal corporations generally under 24 V.S.A. chapter 85, the Authority is hereby granted the following powers, rights, privileges, and prerogatives.

(1) To adopt, administer, and enforce ordinances relating to the power of eminent domain with the approval of the Board of Aldermen. A finding of public necessity consistent with the provisions of section 3 of this charter shall be deemed conclusive for all purposes.

(2) To enter into agreements, contracts, ventures, and associations of every kind, style, and nature with public and private persons and entities and governmental agencies in order to effect and achieve the purposes set forth in section 1 of this charter.

(3) To assess, in the name of the City of Rutland, impact fees and special benefit assessments within those parts of the City of Rutland designated by the Board of Aldermen.

(4) To create tax increment financing districts, and to issue instruments of tax increment financing debt upon the concurrence of the Board of Aldermen, for any purpose permitted by the general law of the State of Vermont. Notwithstanding the purposes for which special assessment may be made under 24 V.S.A. § 3252, the City of Rutland may adopt special assessments for the purpose of funding special marketing management and promotional programs and neighborhood or district programs in accordance with the provisions of the Rutland City charter. Notwithstanding the assessment procedure under 24 V.S.A. § 3254, establishment of assessment district boundaries, modification thereof, imposition of a special assessment, and determination thereof, may be undertaken by the Board of Aldermen or the Rutland Redevelopment Authority by ordinance. Special assessments may be collected by the Rutland City Treasurer or the Rutland Redevelopment Authority under the provisions of 24 V.S.A. § 3255, in full within 90 days of imposition, in installments over a term not to exceed 10 years, or annually under a continuing resolution of the Rutland Board of Aldermen or the Rutland Redevelopment Authority.

(5) To undertake and be responsible for the development of municipal plans and economic benefit goals within those parts of the City of Rutland designated by its Board of Aldermen.

(6) To apply and accept on behalf of the City of Rutland, State, federal, and private economic development grants-in-aid, and to manage, administer, and disburse the same.

(7) To establish development standards consistent with the following criteria:

(i) The ability of a proposed development to meet the purposes of the City's plan adopted under 24 V.S.A. chapter 117, Vermont Statutes Annotated.

(ii) The ability of a proposed development to eradicate blighted conditions or threats to public health, safety, and welfare.

(iii) The ability of a proposed development to conform to a capital plan or capital budget adopted by the City of Rutland.

(iv) The ability of a proposed development to benefit low-and moderate-income residents of the City of Rutland.

(v) The ability of the proposed development to provide permanent employment opportunities.

(8) To adopt and enforce regulations and ordinances under the general laws of the State of Vermont, in the furtherance of the purposes and powers of the Authority.

(9) To adopt rules of procedure, and to engage such staff, consultants, attorneys, and contractors as deemed necessary.

(10) To provide technical and advisory services, as requested by the Board of Aldermen.

(11) To issue, with the concurrence of the Board of Aldermen, instruments of debt under 24 V.S.A. chapter 53, subchapter 2.