The purpose of the authority granted under this part is to:
(1) finance the establishment, acquisition, design, construction, alteration, improvement, extension, operation, and maintenance of:
(i) adequate storm drainage systems;
(ii) public parking facilities;
(iii) pedestrian malls;
(iv) street and area lighting; and
(v) ride sharing and bus systems;
(2) finance the capital and operating costs to enhance police, fire protection, and rescue services; and
(3) provide financing for commercial district management authorities established under § 5-214(b) of this article.