(a) To decrease hazards to life or property, promote public safety or convenience, improve traffic conditions, or encourage the orderly development of the municipality, a municipality may acquire, construct, improve, enlarge, extend, maintain, repair, or replace a facility.
(b) Activities authorized by Subsection (a) include:
(1) removing and relocating railroad tracks, a utility line or pipe, or another improvement;
(2) removing or demolishing a building or another improvement;
(3) paying for damage to other property in connection with an activity described by that subsection; or
(4) improving a street in connection with an activity described by that subsection.