(2) lease those airport projects to the authority;
(3) sue, be sued, plead, and be impleaded, but all actions against the development
authority must be brought in the circuit or superior court of the county in which
the development authority is located;
(4) lease, rent, purchase, and hold any real or personal property needed or considered
useful in connection with airport projects;
(5) acquire real or personal property by gift, devise, or bequest and hold, use, or
dispose of that property for the purposes authorized by this chapter;
(6) with permission of the owner or occupant, enter upon any lots or lands for the
purpose of surveying or examining them to determine the location of an airport project;
(7) design, order, contract for, and construct, reconstruct, and renovate any airport
projects or improvements thereto;
(8) employ managers, superintendents, architects, engineers, attorneys, auditors,
clerks, construction managers, and other employees necessary for construction of airport
projects or improvements to them;
(9) make and enter into all contracts and agreements necessary or incidental to the
performance of its duties and the execution of its powers under this chapter; and
(10) take any other action necessary to implement its purposes as set forth in section 9 of this chapter.
(b) Whenever the development board determines that the purposes for which the development
authority was formed have been substantially fulfilled and that all bonds issued and
all other obligations incurred by the development authority have been fully paid or
satisfied or provision for the payment of the bonds and obligations has been made
in accordance with the terms of the resolution or trust indenture securing them, the
development board may declare the development authority dissolved. On the effective date of the resolution of dissolution, the title to all funds and
other property owned by the development authority at the time of the dissolution vests
in the authority. However, if the authority is not in existence, the title vests in the eligible entity.
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