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2014 Minnesota Statutes AutheoucDu <br /> 469.094 TRANSFER OF AUTHORITY. <br /> Subdivision 1. Economic development,housing,redevelopment powers. The city <br /> may,by ordinance, divide the economic development,housing,and redevelopment powers <br /> granted under sections 469.001 to 469.047 and 469.090 to 469.108 between the economic <br /> development authority and any other authority or commission established under statute or <br /> city charter for economic development,housing,or redevelopment as provided in <br /> subdivision 2. <br /> Subd.2. Project control,authority,operation. The city may,by resolution,transfer <br /> the control,authority, and operation of any project as defined in section 4_69.174. <br /> subdivision 8, or any other program or project authorized by sections 469.001 to 469.047 <br /> or 469.124 to 469.133 located within the city, from the governmental agency or <br /> subdivision that established the project to the economic development authority. The city <br /> council may also require acceptance of control, authority, and operation of the project by <br /> the economic development authority. The economic development authority may exercise all <br /> of the powers that the governmental unit establishing the project could exercise with <br /> respect to the project. <br /> When a project or program is transferred to the economic development authority,the <br /> authority shall covenant and pledge to perform the terms, conditions, and covenants of the <br /> bond indenture or other agreements executed for the security of any bonds issued by the <br /> governmental subdivision that initiated the project or program. The economic development <br /> authority may exercise all of the powers necessary to perform the terms,conditions,and <br /> covenants of any indenture or other agreements executed for the security of the bonds and <br /> shall become obligated on the bonds when the project or program is transferred as provided <br /> in this subdivision. <br /> If the city transfers a housing project or a housing development project to the <br /> economic development authority,the city must transfer all housing development and <br /> management powers relating to that specific project to the authority. <br /> Subd. 3. Transfer of personnel. Notwithstanding any other law or charter provision <br /> to the contrary, the city council may,by resolution,place any employees of the housing and <br /> redevelopment authority under the direction, supervision, or control of the economic <br /> development authority. The placement of any employees under the direction, supervision, or <br /> control of the economic development authority does not affect the rights of any employees <br /> of the housing and redevelopment authority,including any rights existing under a collective <br /> bargaining agreement or fringe benefit plan. The employees shall become employees of the <br /> economic development authority. <br /> History: 1987 c 291 s95- 1990 c 532 s 11.12;2013 c 125 art Is 107 <br /> CoRyright n 2014 by the Revisor of Statutes, State of Minnesota. All rights reserved. <br /> haps./AvA w.re%isor.rm.g oVstaUes/?Id=469.094 <br /> 48 1/1 <br />