Powers of the Corporation

The enumerated powers of the Corporation shall include, but not be limited to, those powers delegated by this Article. Such powers shall include the power to:

(a)investigate, study and survey the area surrounding, and the real property and structures that are part of a military base;

(b)investigate, study and determine the means by which military base property may be redeveloped and reused by private enterprise to promote economic development, or by local government, to otherwise benefit the welfare of the people of Guam; COL120106 CH. 78 REFUSE PLANNING AND REDEVELOPMENT OF FORMER MILITARY BASES

(c)promote the reuse of military base property in the manner that best serves the interests of Guam, subject to approval of I Liheslaturan Guåhan;

(d)cooperate with departments and agencies of the government of Guam, and with other governmental entities, including the Federal government, in the manner that best serves the purposes of this Article;

(e)hold, acquire, operate, manage, lease (as lessee or lessor), construct or repair, or dispose of real and personal property in the name of the Corporation,. subject to approval of I Liheslaturan Guåhan;

(f)make and enter into contracts, including, without limitation, contracts with non-profit corporations and contracts with government of Guam and Federal agencies,. subject to approval of I Liheslaturan Guahan.

(g)cooperate with the Federal government in all respects concerning implementation of the final Record of Decision concerning the disposal and reuse of military base property;

(h)make and enter into contracts with agencies or departments of the Federal government for the provision of caretaker services for all, or a portion of military base property after closure; this power includes the power to make and enter into contracts with third parties for the provision of such services as deemed appropriate by the Corporation,. subject to approval of I Liheslaturan Guåhan;

(i)engage a full-time staff to carry out the work of the Corporation; the initial staff of the Reuse Planning Committee of the Corporation (>Committee=) shall consist of an executive director and an administrative assistant, and as more sub-committees are established which need staff support, as the reuse planning process involves more agencies requiring coordination, and as consultants are retained to conduct the reuse planning studies, the Committee may engage additional staff as necessary;

(j)retain qualified consultants to assist in developing reuse plans; in doing so, the Committee should identify the preliminary scope of work, the technical qualifications and support services of COL120106 CH. 78 REFUSE PLANNING AND REDEVELOPMENT OF FORMER MILITARY BASES the consultants which will provide the types of information needed by the Committee to develop reuse plans;

(k)provide for the furnishing of services, privileges, works, streets, roads, public utilities or educational or other facilities for, or in connection with, a project; to dedicate property acquired or held by it for public works, improvements, facilities, utilities and other purposes; and to agree, in connection with any of its contracts, to any conditions that it deems reasonable and appropriate, including, but not limited to, conditions attached to Federal financial assistance, and to include in any contract made or let in connection with any project of the Corporation provisions to fulfill such of said conditions as it may deem reasonable and appropriate, subject to approval of I Liheslaturan Guåhan;

(l)fix, maintain and revise fees, rates, rents, security deposits and charges for functions, services or facilities provided by the Corporation;

(m)adopt a master economic redevelopment and reuse plan which shall include a three

(3)year plan, which shall be updated prior to the expiration of each three

(3)year period, establishing strategies and goals for promoting and marketing redevelopment activities at the military bases, securing development commitments for job creation and such purpose;

(n)accept contributions, grants or loans from any public or private agency, individual or the Federal government, or any department, instrumentality or agency thereof, for the purpose of financing its activities; and

(o)take all actions necessary or appropriate to carry out and implement the provisions of this Chapter.