Vermont § 3209 - Powers Every municipality shall have all the powers necessary or convenient to carry out and effectuate the purposes and provisions of this chapter, including the following powers in addition to others herein granted:

§ 3209. Powers Every municipality shall have all the powers necessary or convenient to carry out and effectuate the purposes and provisions of this chapter, including the following powers in addition to others herein granted:

• (1) to undertake and carry out urban renewal projects within its area of operation; and
  to make and execute contracts and other instruments necessary or convenient to the
  exercise of its powers under this chapter; and to disseminate slum clearance and urban
  renewal information; (2) to provide or to arrange or contract for the furnishing or repair by any person or
  agency, public or private, of services, privileges, works, streets, roads, public
  utilities, or other facilities for or in connection with an urban renewal project;
  to install, construct, and reconstruct streets, utilities, parks, playgrounds, and
  other public improvements; and to agree to any conditions that it may deem reasonable
  and appropriate attached to federal financial assistance and imposed pursuant to federal
  law relating to the determination of prevailing salaries or wages or compliance with
  labor standards, in the undertaking or carrying out of an urban renewal project, and
  to include in any contract let in connection with such a project, provisions to fulfill
  such of said conditions as it may deem reasonable and appropriate; (3) within its area of operation, to enter into any building or property in any urban
  renewal area in order to make inspections, surveys, appraisals, soundings, or test
  borings, and to obtain an order for this purpose from a court of competent jurisdiction
  in the event entry is denied or resisted; to acquire by purchase, lease, option, gift,
  grant, bequest, devise, eminent domain, or otherwise, any real property, or personal
  property for its administrative purposes, together with any improvements thereon;
  to hold, improve, clear, or prepare for redevelopment any such property; to mortgage,
  pledge, hypothecate, or otherwise encumber or dispose of any real property; to insure
  or provide for the insurance of any real or personal property or operations of the
  municipality against any risks or hazards, including the power to pay premiums on
  any such insurance; and to enter into any contracts necessary to effectuate the purposes
  of this chapter; provided, however, that no statutory provision with respect to the
  acquisition, clearance, or disposition of property by public bodies shall restrict
  a municipality or other public body exercising powers hereunder, in the exercise of
  such functions with respect to an urban renewal project, unless the Legislature shall
  specifically so state; (4) with the approval of the local governing body, (A) before approval of an urban renewal
  plan, or approval of any modifications of the plan, to acquire real property in an
  urban renewal area, demolish and remove any structures on the property, and pay all
  costs related to the acquisition, demolition, or removal, including any administrative
  or relocation expenses; and (B) to assume the responsibility to bear any loss that
  may arise as the result of the exercise of authority under this subsection if the
  real property is not made part of the urban renewal project; (5) to invest any urban renewal project funds held in reserve or sinking funds or any
  such funds not required for immediate disbursement, in property or securities in which
  savings banks may legally invest funds subject to their control; to redeem such bonds
  as have been issued pursuant to section 3214 of this title at the redemption price established therein or to purchase such bonds at less than
  redemption price, all such bonds so redeemed or purchased to be cancelled; (6) to borrow money and to apply for and accept advances, loans, grants, contributions,
  and any other form of financial assistance from the federal government, the State,
  county, or other public body, or from any sources, public or private, for the purposes
  of this chapter, and to give such security as may be required and to enter into and
  carry out contracts in connection therewith