The authority may:
(a) 
Sue and be sued, have a seal, and make and execute contracts and other instruments necessary or convenient to the exercise of its powers.
(b) 
Make, and from time to time amend and repeal, bylaws and regulations not inconsistent with this chapter to carry into effect the powers and purposes hereof.
(c) 
Select and appoint or remove such permanent and temporary officers, agents, counsel, and employees, as it requires, and may determine their qualifications, duties, and compensation. The powers of the authority under this article are subject to all limitations and rights applicable to similar employment by the City, unless by resolution the City Council otherwise determines.
(Ord. 1296 § 1, 10-8-1974; Formerly § 16-250)
The authority may:
(a) 
Purchase, lease, obtain option upon, acquire by gift, grant, bequest, devise, or otherwise, any real or personal property within the city, or any interest in, or improvements on, such property.
(b) 
Sell, lease, exchange, transfer, assign, encumber (by mortgage, deed of trust, or otherwise) or otherwise dispose of any real or personal property or any interest in such property.
(c) 
Insure any of its real or personal property or operations against risks or hazards.
(Ord. 1296 § 1, 10-8-1974; Formerly § 16-251)
The authority may acquire, construct, rent, lease, maintain, repair, manage and operate all or any portion of any real and personal property, including the leasing of the operation of the property, and the leasing for commercial purposes of surplus space or space which it is not economic to use for open space purposes; provided, that such leasing, in any transaction financed on a tax exempt basis, shall be restricted to less than a major portion of the property acquired or constructed on such basis, as now or hereafter defined by Federal law or applicable regulation. Leases may be negotiated without competitive bidding or awarded after competitive bidding in such manner as may be established by the authority.
(Ord. 1296 § 1, 10-8-1974; Ord. 1301 § 2, 11-19-1974; Formerly § 16-252)
Neither the authority nor the City shall manage or operate surplus space devoted to commercial purposes, but shall lease such space to private operators.
(Ord. 1296 § 1, 10-8-1974; Formerly § 16-253)
The authority may do any act to acquire and maintain open space within the city, to devote such open space to uses and activities consistent with the purposes of this chapter and to acquire and construct such improvements on open space owned, controlled, or operated by it as may be necessary or appropriate to such uses and activities.
(Ord. 1296 § 1, 10-8-1974; Formerly § 16-254)
The authority may receive, control, and order the expenditure of any and all money and funds pertaining to sports or open space facilities or related properties, including but not limited to:
(a) 
All revenue derived from operations of the authority.
(b) 
All money appropriated or made available by the City.
(c) 
The proceeds of all financial aid or assistance by the City, the State, or the Federal government.
(d) 
The proceeds of assessments levied by the City.
(e) 
The proceeds of all bonds issued pursuant to this chapter.
(f) 
The proceeds of all general obligation, revenue, or other bonds issued by the City for sports or open space facilities.
(Ord. 1296 § 1, 10-8-1974; Formerly § 16-255)
The authority may invest funds held in reserve, or sinking funds, or funds not required for immediate disbursement, in property or securities in which cities may legally invest funds subject to their control. No such investment shall be made in contravention of any covenant or agreement with the holders of any bonds of the authority issued and outstanding.
(Ord. 1296 § 1, 10-8-1974; Formerly § 16-256)
The authority may borrow money or accept financial or other assistance from the City, the State, the Federal government, or any other source for or in aid of any sports or open space facility within its area of operation, and to such ends may comply with any conditions attached thereto.
(Ord. 1296 § 1, 10-8-1974; Formerly § 16-257)
The authority may exercise all or any part or combination of the powers granted by this chapter.
(Ord. 1296 § 1, 10-8-1974; Formerly § 16-258)
The authority may do and perform any and all other acts and things necessary, convenient, desirable, or appropriate to carry out the provisions of this chapter.
(Ord. 1296 § 1, 10-8-1974; Formerly § 16-259)
In order that there may be no unnecessary duplication of effort or expense, the authority may provide for the furnishing of services by, and the use of facilities of, any department, office or agency of the City in lieu of, or in conjunction with, the direct provision by the authority of services and the use of facilities through employment or purchase or other means. The furnishing of such services and the use of such facilities of any such department, office or agency shall be upon such terms and conditions as may be approved by the authority and the City Council, and subject to reimbursement of the appropriate funds of the City for the reasonable value thereof. The City Council may, from time to time, by resolution, provide for the making by the authority to the City, annually, of a payment, the amount of which shall be determined in a manner provided by such City Council, but which shall not exceed the amount the authority would be required to pay to the City in ad valorem taxes if it were a private entity owning the same property.
(Ord. 1296 § 1, 10-8-1974; Formerly § 16-260)
Whenever the authority determines that the management and operation of any facility authorized hereunder is so complex and specialized as to require that it be accomplished by specially qualified persons, it may make and enter into managing agency agreements with competent persons, firms or corporations specially trained and experienced to render such services, subject to retention of such controls over rates and use of the facility as are necessary or desirable to assure its operation as a public municipal sports or open space facility.
(Ord. 1296 § 1, 10-8-1974; Formerly § 16-261)
The authority may make grants or loans of money or property to the redevelopment agency, housing authority, parking authority or any other agency or authority of the City, or to the City itself, to facilitate the accomplishment of any public purpose, subject to such terms and conditions as may be established by the authority. Such public purposes may be carried out and accomplished by the entity to which such grant or loan was made without limitation or restriction by reason of the existence of such grant or loan, other than such as may be established by such terms and conditions.
(Ord. 1466 § 1, 2-15-1983; Formerly § 16-262)