| (1) | The fairpark district may:
| (a) | facilitate and bring about the development of land within the fairpark district boundary, including the development of a qualified stadium to house a major league sports team; |
| (b) | enter into a lease agreement with an affiliate of a major league sports team to lease a qualified stadium to a major league sports team and receive lease payments on behalf of the state; |
| (c) | facilitate and provide funding for the development of land in a project area, including the development of public infrastructure and improvements and other infrastructure and improvements on or related to land in a project area; |
| (d) | engage in marketing and business recruitment activities and efforts to encourage and facilitate development of land within the fairpark district boundary; |
| (e) | as the fairpark district considers necessary or advisable to carry out any of the fairpark district's duties or responsibilities under this chapter:
| (i) | buy, obtain an option upon, or otherwise acquire any interest in real or personal property; |
| (ii) | sell, convey, grant, dispose of by gift, or otherwise dispose of any interest in real or personal property; or |
| (iii) | enter into a lease agreement on real or personal property, as lessee or lessor; |
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| (g) | enter into contracts generally; |
| (h) | exercise powers and perform functions under a contract, as authorized in the contract; |
| (i) | receive and spend enhanced property tax revenue, as provided in this chapter; |
| (j) | accept financial or other assistance from any public or private source for the fairpark district's activities, powers, and duties, and expend any funds so received for any of the purposes of this chapter; |
| (k) | borrow money, contract with, or accept financial or other assistance from the federal government, a public entity, or any other source for any of the purposes of this chapter and comply with any conditions of the loan, contract, or assistance; |
| (l) | issue bonds to finance the undertaking of any development objectives of the fairpark district, including bonds under Chapter 17, Utah Industrial Facilities and Development Act, bonds under Chapter 42, Assessment Area Act, and bonds under Chapter 42a, Commercial Property Assessed Clean Energy Act; |
| (m) | hire employees, including independent contractors; |
| (n) | transact other business and exercise all other powers provided for in this chapter; |
| (o) | engage one or more consultants to advise or assist the fairpark district in the performance of the fairpark district's duties and responsibilities; |
| (p) | enter into an agreement with a private contractor to provide a municipal service within a project area that is not being provided by a municipality or other governmental service provider; |
| (q) | provide public safety services in the area within the fairpark district boundary, including under a contract, approved by the board, with an existing governmental provider of public safety services; |
| (r) | finance, develop, own, lease, operate, or otherwise control public infrastructure and improvements in a project area; and |
| (s) | exercise powers and perform functions that the fairpark district is authorized by statute to exercise or perform. |
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