Title Minnesota Statutes, Minnesota Statutes

469.091 ECONOMIC DEVELOPMENT AUTHORITY. § Subdivision 1.Establishment. A city may, by adopting an enabling resolution in compliance with the procedural requirements of section 469.093, establish an economic development authority that, subject to section 469.092, has the powers co…

469.092 LIMIT OF POWERS. § Subdivision 1.Resolution. The enabling resolution may impose the following limits upon the actions of the authority: (1) that the authority must not exercise any specified powers contained in sections 469.001 to 469.047, 469.090 to 469.108, and 469.124 …

469.093 PROCEDURAL REQUIREMENT. § Subdivision 1.Enabling resolution. The creation of an authority by a city must be by written resolution referred to as the enabling resolution. Before adopting the enabling resolution, the city council shall conduct a public hearing. Notice of th…

469.094 TRANSFER OF AUTHORITY. § Subdivision 1.Economic development, housing, redevelopment powers. The city may, by ordinance, divide the economic development, housing, and redevelopment powers granted under sections 469.001 to 469.047 and 469.090 to 469.108 between the economic…

469.095 COMMISSIONERS; APPOINTMENT, TERMS, VACANCIES, PAY, REMOVAL. § Subdivision 1.Commissioners. Except as provided in subdivision 2, paragraph (d), an economic development authority shall consist of either three, five, or seven commissioners who shall be appointed after the en…

469.096 OFFICERS; DUTIES; ORGANIZATIONAL MATTERS. § Subdivision 1.Bylaws, rules, seal. An authority may adopt bylaws and rules of procedure and shall adopt an official seal. § Subd. 2.Officers. An authority shall elect a president, a vice-president, a treasurer, a secretary, and …

469.097 EMPLOYEES; SERVICES; SUPPLIES. § Subdivision 1.Employees. An economic development authority may employ an executive director, a chief engineer, other technical experts and agents, and other employees as it may require, and determine their duties, qualifications, and compe…

469.098 CONFLICT OF INTEREST. § Subdivision 1.Disclosure; criminal penalty. (a) Before taking an action or making a decision which could substantially affect the commissioner's or an employee's financial interests or those of an organization with which the commissioner or an empl…

469.099 DEPOSITORIES; DEFAULT; COLLATERAL. § Subdivision 1.Named; bond. Every two years an authority shall name national or state banks within the state as depositories. Before acting as a depository, a named bank shall give the authority a bond approved as to form and surety by …

469.100 OBLIGATIONS. § Subdivision 1.Taxes and assessments prohibited. An authority must not levy a tax or special assessment, except as otherwise provided in sections 469.090 to 469.108, pledge the credit of the state or the state's municipal corporations or other subdivisions, …

469.101 POWERS. § Subdivision 1.Establishment. An economic development authority may create and define the boundaries of economic development districts at any place or places within the city, except that the district boundaries must be contiguous, and may use the powers granted i…

469.102 GENERAL OBLIGATION BONDS. § Subdivision 1.Authority; procedure. An economic development authority may issue general obligation bonds in the principal amount authorized by two-thirds majority vote of its city's council. The bonds may be issued in anticipation of income fro…

469.103 REVENUE BONDS; PLEDGE; COVENANTS. § Subdivision 1.Authority. An economic development authority may decide by resolution to issue its revenue bonds either at one time or in series from time to time. The revenue bonds may be issued to provide money to pay to acquire land ne…

469.104 SECTIONS THAT APPLY IF FEDERAL LIMIT APPLIES. Sections 474A.01 to 474A.21 apply to obligations issued under sections 469.090 to 469.108 that are required by federal tax law as defined in section 474A.02, subdivision 8, to obtain an allocation of volume cap. History: 1987 …

469.105 SALE OF PROPERTY. § Subdivision 1.Power. An economic development authority may sell and convey property owned by it within the city or an economic development district if it determines that the sale and conveyance are in the best interests of the city or district and its …

469.106 ADVANCES BY AUTHORITY. An authority may advance its general fund money or its credit, or both, without interest, for the objects and purposes of sections 469.090 to 469.108. The advances must be repaid from the sale or lease, or both, of developed or redeveloped lands. If…

469.107 CITY MAY LEVY TAXES FOR ECONOMIC DEVELOPMENT AUTHORITY. § Subdivision 1.City tax levy. A city may, at the request of the authority, levy a tax in any year for the benefit of the authority. The tax must be not more than 0.01813 percent of estimated market value. The amount…

469.108 SPECIAL LAW; OPTIONAL USE. A city that has established a port authority by special law or that has been granted the power to establish a port authority by special law, or a city whose city council has been authorized to exercise the powers of a port authority by special l…

469.1081 LIABLE IN CONTRACT OR TORT. Subject to the provisions of chapter 466, an authority shall be liable in contract or in tort in the same manner as a private corporation. The commissioners of an authority shall not be personally liable as such on its contracts, or for torts,…

469.1082 COUNTY ECONOMIC DEVELOPMENT AUTHORITY OR HOUSING AND REDEVELOPMENT AUTHORITY WITH ECONOMIC DEVELOPMENT POWERS. § Subdivision 1.Authority to create. A county may form a county economic development authority or grant a housing and redevelopment authority the powers specifi…

469.109 PURPOSE. The legislature finds that there exists in the state certain areas of substantial and persistent unemployment causing hardship to many individuals and their families and that there also exist certain rural areas where development and redevelopment should be encou…

469.110 DEFINITIONS. § Subdivision 1.Generally. In sections 469.109 to 469.123, the terms defined in this section have the meanings given them herein, unless the context indicates otherwise. § Subd. 2.Department. "Department" means the Department of Employment and Economic Develo…

469.111 LOCAL OR AREA AGENCIES; ESTABLISHMENT. § Subdivision 1.Findings required. In order to carry out the purposes of sections 469.109 to 469.123, any municipality or group of municipalities may establish a public body, corporate and politic, to be known as the municipal or are…

469.112 MUNICIPALITIES MAY JOIN TOGETHER. § Subdivision 1.Joint exercise of powers. Two or more municipalities, by agreement entered into through action of their governing bodies, may jointly exercise any of the powers conferred by sections 469.109 to 469.123 after the governing …

469.113 CONFLICT OF INTEREST. No commissioner or employee of any local agency shall acquire any interest, direct or indirect, in any project or in any property included or planned to be included in any project, nor have any interest, direct or indirect, in any contract or propose…

469.114 AGENCIES; MEETINGS, EXPENSES. § Subdivision 1.Commissioners' authority. The powers of each agency shall be vested in the commissioners thereof in office at any time, a majority of whom shall constitute a quorum for all purposes. Each agency shall select a chair and a secr…

469.115 POWERS OF AGENCIES. A local agency shall have all the powers necessary or convenient to carry out the purposes of sections 469.109 to 469.123; except that the agencies shall not levy and collect taxes or special assessments, nor exercise the power of eminent domain unless…

469.116 BOND ISSUE FOR REDEVELOPMENT PURPOSES. § Subdivision 1.Power to issue. A local agency may issue bonds for any of its corporate purposes. Subject to the limitations of this section, the bonds may be of the type it determines, including bonds on which the principal and inte…

469.117 EMINENT DOMAIN PROCEEDINGS. § Subdivision 1.Compensation. If a local agency deems necessary, it may, after having filed in court an application to assess compensation for the property to be appropriated pursuant to eminent domain proceedings, forthwith pay into court a su…

469.118 LOANS TO REDEVELOPMENT AGENCIES. § Subdivision 1.Conditions for making. When it has been determined by the department upon application of a local agency that the establishment of a particular redevelopment project in a redevelopment area has accomplished or will accomplis…

469.119 LOAN APPLICATION REQUIREMENTS. § Subdivision 1.Application contents. Prior to the loaning of any funds for a redevelopment project in a redevelopment area the local agency shall receive from the applicant and, in the case of department participation, shall forward to the …

469.122 LIMITATION OF POWERS. The state pledges to the United States or any agency thereof that if any federal agency shall construct, loan, or contribute any funds for the construction, extension, improvement, or enlargement of any redevelopment project, or any portion thereof, …

469.123 EXAMINATION AND AUDIT OF LOCAL AGENCY. The accounts, books, and records of any local or area agency, including its receipts, disbursements, contracts, mortgages, investments, and other matters relating to its finances, operation, and affairs shall be examined and audited …

469.124 PURPOSE. The legislature finds that there is a need for new development in areas of a city that are already built up in order to provide employment opportunities, to improve the tax base, and to improve the general economy of the state. Therefore, cities are authorized to…

469.125 DEFINITIONS. § Subdivision 1.Generally. In sections 469.124 to 469.133, the terms defined in this section have the meanings given them herein unless the context indicates a different meaning. § Subd. 2.City. "City" means any home rule charter or statutory city. § Subd. 3.…

469.126 AUTHORITY GRANTED. § Subdivision 1.Designation of districts. A city may designate development districts within the boundaries of the city. Before designating a district, the city must consult with its planning agency or department and must hold a public hearing on the des…

469.127 TAX STATUS. The pedestrian skyway system, underground pedestrian concourse, the people mover system, and publicly owned parking structures are declared to be public property to be used for essential public and governmental purposes. They are exempt from all taxes and spec…

469.128 GRANTS. A city may accept grants or other financial assistance from the government of the United States or any other entity to do studies, construct and operate the pedestrian skyway system, underground pedestrian concourses, people mover systems, and other public improve…

469.130 MAINTENANCE AND OPERATION. Maintenance and operation of the pedestrian systems, special lighting systems, parking structures, and other public improvements constructed under provisions of sections 469.124 to 469.133 shall be under the supervision of the administrator as d…

469.131 ADMINISTRATION. The governing body of a city may create a department or designate an existing department, office, or agency or city housing or redevelopment authority, to administer all districts authorized under sections 469.124 to 469.133. The head of this department ma…

469.132 ADVISORY BOARD. § Subdivision 1.Creation; members; duties. The governing body may create an advisory board except in cities of the first class where the governing body shall create an advisory board. Except as provided in subdivision 2, a majority of the members shall be …

469.133 RELOCATION. Unless they desire otherwise, provision must be made for relocation of all persons who would be displaced by a proposed development district prior to displacement in accordance with the provisions of sections 117.50 to 117.56. Prior to undertaking any relocati…

469.141 REGULATION TO PROTECT MINED UNDERGROUND SPACE. § Subdivision 1.Department of Natural Resources review. The Department of Natural Resources shall review all project plans that involve dewatering of underground formations for construction and operation of mined underground …

469.142 PURPOSES. The purposes of a rural development financing authority are: (1) to acquire, construct, improve, and equip projects comprising real and personal property within or outside the state, used or useful for producing or processing products of agriculture, including a…

469.143 DEFINITIONS. In sections 469.142 to 469.151, the term "agriculture" includes forestry and timber production and the phrase "producing products of agriculture" does not include acquiring agricultural land. History: 1987 c 291 s 144

469.144 ESTABLISHMENT; BOARD. § Subdivision 1.Establishment. Any county or combination of counties by resolution of the county board or boards may establish a rural development financing authority as a public nonprofit corporation. An authority has the powers and duties conferred…