The Administrator shall have the power to:prepare the Financial Plan for review and approval by the Board; implement the approved Financial Plan and arrange for the collection and disbursement of the Supplemental Tax and all other charges, fees, and revenues of the Authority; establish procedures and processes necessary to perform the functions called for under the Financial Plan and the budget; be responsible for the day-to-day operations of the Board and its employees and contractors; exercise the powers granted to the Authority under this subtitle, provided that the Board shall retain final discretion and power with regard to all substantive agreements, contracts, and other arrangements binding on the Authority; hire and retain such employees, agents, and contractors as are needed to perform its functions for the Authority, provided that all hiring and contracting shall comply with <cite data-path="|14|§6-4|(12)">§ 6-4(12) of this subtitle</cite>; be the direct agent of the Authority, so that any immunity afforded to the Authority and its officers, employees and agents, shall be afforded as well to the Administrator; and have further rights, powers, and authority as granted to it by the Board. Any limitations on the powers and authority of the Board shall apply as well to the Administrator in performing the functions charged to the Administrator by this subtitle or by the Board. The initial Administrator of the Authority shall be the Greater Homewood Community Corporation, Inc., unless otherwise determined by the interim Board. City Code, 1976/83, art. 1, §261 Ord. 94-414