A. A municipality has the authority to carry out the provisions of this article, including the following:
Terms Used In Arizona Laws 9-441.02
- Contract: A legal written agreement that becomes binding when signed.
- Housing: means any structure suitable for residence by an individual or family. See Arizona Laws 9-441
- Housing development area: means an area within a municipality that is declared by the local governing body to be in serious need of housing and that is declared to be in need of the expenditure of public monies to assist the development of housing in the area. See Arizona Laws 9-441
- Housing development project: means any undertaking related to real property, structures or improvements in a housing development area, for the purpose of establishing housing and other facilities necessary or incidental to the housing and primarily for the use of those residing in the housing. See Arizona Laws 9-441
- including: means not limited to and is not a term of exclusion. See Arizona Laws 1-215
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
- Municipality: means an incorporated city or town. See Arizona Laws 9-441
- Property: includes both real and personal property. See Arizona Laws 1-215
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
1. Enter into contracts or leases with developers of housing development projects containing covenants, restrictions and conditions regarding the use of the property for residential purposes.
2. Finance or refinance, by loan, grant, lease or otherwise contract with private developers to, construct, purchase, acquire, own, modify, maintain, improve, sell, operate, develop or manage housing development projects, and pay the costs of any housing development project from the proceeds of bonds or other obligations of the municipality or any other monies of the municipality, or from any contributions or loans by persons, corporations, partnerships or other entities, all of which the municipality is authorized to receive, accept and use.
3. Encourage and promote the improvement and revitalization of a housing development area and make, contract for or otherwise cause to be made long-range proposals for the housing development area.
4. Enter into contracts necessary to effectuate the purposes of this article.
5. Do all things necessary or convenient to carry out the powers conferred by this article, except acquire real property by eminent domain for the purpose of this article unless a property owner voluntarily offers the property owner’s real property for sale.
B. This section does not affect the authority of local governing bodies to acquire property by eminent domain in slum or blighted areas established under title 36.