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102 MINNESOTA STATUTES 2011 469.1081 <br /> 469.107 CITY MAY LEVY TAXES FOR ECONOMIC DEVELOPMENT AUTHORITY. <br /> Subdivision 1. City tax levy. A city may, at the request of the authority, levy a tax in <br /> any year for the benefit of the authority. The tax must be not more than 0.01813 percent of <br /> taxable market value. The amount levied must be paid by the city treasurer to the treasurer of the <br /> authority, to be spent by the authority. <br /> Subd. 2. Reverse referendum. A city may increase its levy for economic development <br /> authority purposes under subdivision 1 in the following way. Its city council must first pass a <br /> resolution stating the proposed amount of levy increase. The city must then publish the resolution <br /> together with a notice of public hearing on the resolution for two successive weeks in its official <br /> newspaper or if none exists in a newspaper of general circulation in the city. The hearing must <br /> be held two to four weeks after the first publication. After the hearing, the city council may <br /> decide to take no action or may adopt a resolution authorizing the proposed increase or a lesser <br /> increase.A resolution authorizing an increase must be published in the city's official newspaper or <br /> if none exists in a newspaper of general circulation in the city. The resolution is not effective if <br /> a petition requesting a referendum on the resolution is filed with the city clerk within 30 days <br /> of publication of the resolution. The petition must be signed by voters equaling five percent of <br /> the votes cast in the city in the last general election. The election must be held at a general or <br /> special election.Notice of the election must be given in the manner required by law. The notice <br /> must state the purpose and amount of the levy. <br /> History: 1987 c 291 s 108; 1988 c 719 art S s 84; 1989 c 277 art 4 s 64; 1992 c 511 <br /> art S s 13 <br /> 469.108 SPECIAL LAW; OPTIONAL USE. <br /> A city that has established a port authority by special law or that has been granted the <br /> power to establish a port authority by special law,or a city whose city council has been authorized <br /> to exercise the powers of a port authority by special law may elect to use the powers granted in <br /> sections 469.090 to 469.108. If the election is made,the powers and duties set forth in sections <br /> 469.090 to 469.108 supersede the special law and the special law must not be used after the <br /> election. The use of powers under sections 469.090 to 469.108 by a city described in this section <br /> does not impair the security of any obligations issued or contracts or agreements executed under <br /> the special law. Control,authority,and operation of any project may be transferred to the authority <br /> in the manner provided in section 469.094. <br /> History: 1987 c 291 s 109 <br /> 469.1081 LIABLE IN CONTRACT OR TORT. <br /> Subject to the provisions of chapter 466, an authority shall be liable in contract or in tort <br /> in the same manner as a private corporation. The commissioners of an authority shall not be <br /> personally liable as such on its contracts, or for torts, not committed or directly authorized by <br /> them. The property or funds of an authority shall not be subject to attachment, or to levy and <br /> sale on execution, but, if an authority refuses to pay a judgment entered against it in any court <br /> of competent jurisdiction, the district court for the county in which the authority is situated <br /> may, by writ of mandamus, direct the treasurer of the authority to pay the judgment from any <br /> unencumbered funds available for that purpose. <br /> History: 1991 c 342 s 13 <br /> Copyright©2011 by the Office of the Revisor of Statutes,State of Minnesota.All Rights Reserved. <br />