2018-08-27 EDA Packet - Laserfiche WebLink

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TABLES COMPARISON OF SELECTED DEVELOPMENT LAWS Rgal Develo ea Fncc mmidRdbdusaw Hcr ing Redevelop t Economic A oriti AH%9.._°.ty Devel m _t Act: velment Auth 'tees Purpose: Purpose: Purpose: Purpose: The overall purpose of an EDA An RDFA may be established by The main focus of Minn. Stat , An HRA is responsible for is to promote economic a County or group of counties to §§469.152 to 469.1651 includes determining blighted land areas, development within a district. bring about the production of the following: expansion and and for preventing the spread of EDAs may exercise their own agricultural products and economic growth in blighted blight, including substandard powers which are similar to port to encourage increased land areas;retention of industry building structures. A blighted authority powers, powers of a employment in agriculture. A within the district; overall area is one with buildings and HRA,and the powers of Cities in RDFA is a non-profit strengthening of community tax areas that are detrimental to the connection with development corporation. base; and the general health,safety and welfare of the districts and municipal industrial enhancement of the economy in community.The HRA may then development activities. Governing Body: the district. provide for improvements or redevelopment of these areas Governing Body: An RDFA is controlled by a Governing Body: through a redevelopment plan. Board of Directors who are An HRAs main area of operation EDA is created through an either elected or appointed by Consists of the representing is housing program enabling resolution written and the County Board. If more than governmental unit--e.g. City development. HRAs are approved by City Council. one County is involved,then all Council/County Commissioners primarily concerned with family counties involved must be for Cities, County Board for rehabilitation, housing EDAs have a board consisting of represented on the board. counties,etc. redevelopment, public housing, 3, 5, or 7 commissioners and rent assistance. appointed by the Mayor with the The board must have a minimum All tights of a municipality an approval of City Council. The of five members. granted to bondholders. Governing Body: board may also consist entirely of City Council members. All projects and activities of the When beginning a project, each Approval for any project through RDFA must have approval of municipality must provide the the approval of a redevelopment The City Council may control the the Commissioner of the Commissioner of the plan, must be granted by the activities of the EDA by limiting Department of Employment and Department of Employment and appropriate City Council. its powers under the enabling Economic Development. Economic Development with resolution and through the annual specified information regarding Activities are controlled by a approval of the EDA budge. the details of the contracting board of commissioners. agreement. All projects must be approved An HRA is independent of the by the state Commissioner local government. Approval of (except Countyjails). the redevelopment plan for the proposed project is needed, however, by the governmental unit in order to proceed. 30