CCP 12-21-1995 - Laserfiche WebLink

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I I. 5. The Authority may be a limited partner in a partnership as long as the purpose of the partnership is consistent with the Authority's purpose. I 6. The Authority may acquire property rights or an easement for the - development of a district. I 7. The Authority may sell or lease land held by it in a District for economic development. I 8. The Authority may operate and maintain a public parking facility or other I public facility to promote development in a District. 9. An Authority may accept conveyances of land from other public agencies I or units of government if the Authority can properly use the land in a District to carry out the purposes of Sections 469.090 to 469.108. I 10. An Authority may fill, grade and protect the property, including doing anything necessary to make it suitable for economic development. An Authority may lease some or all of its property and may set up local I improvement districts in all or part of the District. I. B. Cost of Redevelonment. Pursuant to Minnesota Statutes, Section 469.090, subd. 5, cost of redevelopment includes: 1. Acquiring property (by purchase, lease, condemnation or otherwise). I 2. Demolishing, removing structures or other improvements on the acquired I property . 3. Correcting soil deficiencies. I 4. Constructing or installing public improvements, including streets, roads and utilities. - I 5. Providing Telocation benefits. I 6. Planning, engineering, legal and other necessary services to carry out activities listed in (1) through (5) above. I 7. The allocated administrative expenses of the Authority for the projects. . I .- .