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(Chapter 67-2170, Laws of Fla., 1967)
An act establishing the West Palm Beach Downtown Development Authority as a body corporate
and designating its functions as municipal; delineating the boundaries of the downtown
area; prescribing the number, qualifications, term, and methods of appointment and
removal of members; providing for filling vacancies in office, for service without
compensation, for reimbursement of expenses, for bonding, and for personal liability
in certain instances; providing for bylaws and internal governance of the Authority;
prescribing its functions and powers, including powers to acquire, own, lease, and
dispose of property, to request the City of West Palm Beach to exercise its eminent
domain power for the benefit of the Authority, to issue, sell, and provide security
for revenue certificates, to borrow on shortterm, to fix, regulate, and collect rates
and charges, to maintain offices, to employ and prescribe the duties, authority, tenure,
compensation and expense reimbursement of a director and other staff, and to exercise
all necessary incidental powers; levying in each fiscal year an ad valorem property
tax of one mill to finance Authority operations; providing for assessment and collection
thereof by the City; subject to compensation to it for services rendered to the Authority;
requiring maintenance of records, budget and fiscal control; forbidding participation
on behalf of the Authority by personnel financially interested in the matter involved;
exempting Authority property from taxation to the extent of City property exemption;
providing for succession by the City to the property and certain functions of the
Authority if it ceases to exist or operate; regulating issuance of Authority revenue
certificates; prescribing scope of this Act; and providing for its liberal construction,
severability and effective date.
Be it Enacted by the Legislature of the State of Florida:
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