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ht kipal us ' I3 el t Fio in tEconomic Andioritles <br /> Art: REftment Aighorifies (continued) <br /> (buafi'uuled) (continued) (confinued) <br /> Activities: <br /> Activities: Activities Activities- <br /> EDAs are granted powers within <br /> 1° Build, obtain and operate 1. Build, acquire, and retain all I, May establish a redevelopment their own district, outside their <br /> prqocts designed for the haids, structurm and equipment project (Mum. Stat. 469.002) for developmat district, and, by <br /> production of agricultural relating to a project. the elimination/and prevention of cross-reference, the powers of <br /> products. blighted areas. HRAs, development districts in <br /> 2. Enter into contracts with other connection with the City, and <br /> 2. Perform agricultural research. municipalities and agencies in 2. Carry out projects designed to agencies in connection with <br /> connection with projects. improve blighted arm& Municipal Industrial <br /> 3. Seek aid from additional Development <br /> sources to promote employment. 3. Assign revenues from projects 3. Acquire real or pemonal <br /> to the holders ofbonds. properly for activities related to Powers: <br /> 4. Undertake projects authorized projects. <br /> under the agricultural resource 4. Sell property associated with 1. Acquire property for creation <br /> loan guarantee program. projects. 4. May provide for the of development district that is lax <br /> administration of a commercial exempt. <br /> 5. May enter contracts and 5. Exempt ftin property taxes on building to program to preserve <br /> employ financial specialists for nonresidential structures built for sniall sized buildings in its 2. Sell or lease land either by <br /> assistance. salo or rent mid the building is district. private or public means. <br /> sold or rented;maximmat time is 4 <br /> 6. Issue bonds or notes for yows. 5. May sell real or personal 3. Carry out EDA law to develop <br /> f purposes- property for project related and improve land within the <br /> 6. May contractually limit its purposes. district, The EDA may make any <br /> ability to exercise authority, necessary airmigcments to make <br /> allowing a municipality to enter 6. May sell its lands, and land suitable for development. <br /> into a contract with bondholders. properties to private or public <br /> parties. Sale is dependent on 4. Exercise Eminent Domain, <br /> 7. Make all necessary contracts these partice responsibility to <br /> lit order to secure piyments of its continue with the redevelopment 5, Enter into cmdracts for the <br /> bonds. plan specified by the HRA, purpose Of economic <br /> development. <br /> 7. May act as fideral government <br /> agent in carrying out provisions of 6. Purchase all materials needed <br /> municipal Housing and to carry out development <br /> Redevelopment AuL <br /> 7. Engage in research to <br /> S. May exercise the powers determine fliclors of specified <br /> granted to redevelopment development projects. <br /> agencies under Minn. Stat. §§ <br /> 469.152 to 469.1651. 8. Act as a finifted. partner in <br /> ocritracts with additional pardes. <br /> 9. Provide relocation payments <br /> and assistance in accordance with Cross reference powers� <br /> federal guidelines. <br /> I Exercise industrial <br /> DevolopiricaL powers for HRA <br /> and EDA powers for industrial <br /> development activities. <br /> 31 <br />