A county or municipality may authorize an authority to:
(1) acquire by purchase, lease, or other legal means, but not by eminent domain, property of any kind in the county or municipality;
(2) establish, construct, alter, improve, equip, repair, maintain, operate, and regulate a facility for parking vehicles that is on, under, or in any property owned by the county, municipality, or the authority; and
(3) establish and collect fees for the use of the property.