97-92 AMENDING CITY CODE - CHAPTER 49.1

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(fl Install, repair, construct, reconstruct or relocate streets, utilities and site improvements essential to the preparation of the redevelopment area for use in accordance with a redevelopment plan; (g) Mortgage or convey real or personal property acquired for same in accordance with the redevelopment plan; (h) Borrow money, apply for and accept advances, loans, grants, contributions, gifts, services, or other financial assistance, from the United States of America or any agency or instrumentality thereof, the State, county, municipality or other public body or from any source, public or private, for or in aid of any of the purposes of the final redevelopment plan, and to secure the payment of any loans or advances by the issuance of revenue bonds and by the pledge of any loan, grant or contribution, or parts thereof, or the contracts therefor, to be received from the United States of America or any agency or instrumentality thereof, and to enter into and carry out contracts in connection therewith; (i) Exercise any one or more of the foregoing powers in any combination to carry out the final redevelopment plan. � 6. ACQUISITION OF PROPERTY. In exercising the power to acquire real estate as provided in this Chapter, the City Council may proceed by gift, purchase or condemnation to acquire a fee simple title to all real property lying within a redevelopment area, including easements and reversionary interests in the streets, alleys and other public places lying within such area. If any such real property is subject to an easement the City Council, in its discretion, may acquire the fee simple title to such real property subject to such easement if that such easement will not interfere with carrying out the redevelopment plan. In carrying out the provisions of this Chapter, and pursuant to its home rule pawers under Article VII of the Constitution of the State of Illinois, the City of Decatur may exercise the right of eminent domain.