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2018-08-27 EDA Packet
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2018-08-27 EDA Packet
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I MINNESOTA STATUTES 2017 469.091 <br /> 469.091 ECONOMIC DEVELOPMENT AUTHORITY. <br /> Subdivision 1. Establishment.A city may,by adopting an enabling resolution in compliance with the <br /> procedural requirements of section 469.093, establish an economic development authority that, subject to <br /> section 469.092,has the powers contained in sections 469.090 to 469.108 and the powers of a housing and <br /> redevelopment authority under sections 469.001 to 469.047 or other law,and of a city under sections 469.124 <br /> to 469.133 or other law. If the economic development authority exercises the powers of a housing and <br /> redevelopment authority contained in sections 469.001 to 469.047 or other law, the city shall exercise the <br /> powers relating to a housing and redevelopment authority granted to a city by sections 469.001 to 469.047 <br /> or other law. <br /> Subd. 2. Characteristics.An economic development authority is a public body corporate and politic <br /> and a political subdivision of the state with the right to sue and be sued in its own name.An authority carries <br /> out an essential governmental function when it exercises its power, but the authority is not immune from <br /> liability because of this. <br /> Subd. 3. Unpaid officers, directors, and agents; liability. Section 317A.257 applies to an economic <br /> development authority or to a nonprofit corporation exercising the powers of an economic development <br /> authority. <br /> History: 1987 c 291 s 92; 1994 c 623 art S s 2; 2013 c 125 art I s 107 <br /> Copyright U 2017 by the Revisor of Statutes,State of Minnesota.All Rights Reserved. <br />
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