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Section 469.028, Subd. 2.
<br /> b. To undertake, prepare, carry out and operate projects' and to provide for the construction,
<br /> reconstruction, improvement, extension, alteration, or repair of any project or any part
<br /> thereof. Section 469.012, Subd. 1d.
<br /> C. To give, sell, transfer, convey or otherwise dispose of real or personal property or any
<br /> interest therein, and to execute leases, deeds, conveyances, negotiable instruments,purchase
<br /> agreement and other contracts or instruments and take action that is necessary or convenient
<br /> to carryout the purposes of the HRA Act. Section 469.012, Subd. le..
<br /> d. To acquire real or personal property or any interest therein by gifts, grants, purchase,
<br /> exchange, lease, transfer, bequest, or otherwise, and by exercise of the power of eminent
<br /> domain. Section 469.012, Subd. lg..
<br /> e. To borrow money or other property and accept contributions, grants, gifts, services or other
<br /> assistance from the federal government, state public bodies, or from any other public or
<br /> private sources. Section 469.012, Subd. lo.
<br /> f. To cooperate with or act as the agent for the federal government, the state or any state
<br /> public body, or any agency or instrumentality of the forgoing, in carrying out the HRA Act.
<br /> Section 469.012, Subd. 11.
<br /> g. To issue bonds for any corporate purposes and to secure the bonds by mortgages upon
<br /> property held or to be held by the HRA or by pledge of its revenues, including grants or
<br /> contributions. Section 469.012, Subd. lq; Section 469.034.
<br /> h. To levy a special benefits tax on all property in the HRA's area of operation(in this case,the
<br /> City as a whole). The City Council must approve the tax levy either annually or without a
<br /> time limitation; in any event, the HRA must file a budget with the City in accordance with
<br /> the procedures for executive departments of the City. The special benefits tax may not
<br /> exceed .0185% of the taxable market value in the City. Section 469.033, Subd. 6.
<br /> i. To carry out studies of the housing and redevelopment needs within its area of operation.
<br /> and of the meeting those needs. Section 469.012, Subd. It..
<br /> j. To lease or rent any dwellings, accommodations, land, buildings, structures or facilities
<br /> included in any project. Section 469.012, Subd. 1v.
<br /> k. To own, hold and improve real or personal property and to sell, lease, exchange, transfer,
<br /> assign, pledge or dispose of any real or personal property or any interest therein. Section
<br /> 469.012, Subd. 1w. Sale or lease of land in a redevelopment project generally requires a
<br /> ' The term "project," unless otherwise indicated, includes a housing project, a housing
<br /> development project, a redevelopment project, and an interest reduction program. Section 469.002,
<br /> Subd. 12.
<br /> SJB-222120vl
<br /> SA285-04
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