CCP 01-29-1996 - Laserfiche WebLink

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3, An Authority may use eminent domain to acquire property it is authorized e to acquire by condemnation. 4. An Authority may make contract for the purpose of economic development within the powers given in Chapter 458C. The Authority may contract to purchase and sell real and personal property, However, an obligation must not be incurred except when existing funds together with reasonable expected revenue of the Authority from other sources are sufficient to either discharge the obligation or pay the expense when due. 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. 6, The Authority may acquire property rights or an easement for the development of a district. 7. The Authority may sell or lease land held by it in a District for economic development. 8. The Authority may operate and maintain a public parking facility or other public facility to promote development in a District. - :e 9. An Authority may accept conveyances ofland from other public agencies 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 I Authority may lease some or all of its property and may set up local improvement districts in all or part of the District. I B. Cost of Redevelopment. Pursuant to Minnesota Statutes, Section 469.090, subd. 5, cost ofredevelopment includes: I 1. Acquiring property (by purchase, lease, condemnation or otherwise), 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 Ie and utilities. 5 I I