(1) accept grants, loans, and assistance subject to Agency approval from the federal government for the construction, repair, improvement, and development of airport properties owned by the municipality or municipalities;

(2) cooperate with and contract in the name of the municipality or municipalities with the United States in reference to the construction, maintenance, development, or control of airport properties;

(3) contract with the federal government in reference to the future development, use, or maintenance of airport properties;

(4) match federal funds to the extent provided by federal law and grant relocation assistance and payments in the instances and on the conditions set forth by federal law and regulations when federal funds are available to provide relocation assistance and payments to persons displaced as a result of federal and federally assisted programs. (Added 1985, No. 222 (Adj. Sess.), § 2.)