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59 MINNESOTA STATUTES 2010 469.059 • findings in subdivision 3. Subd. 3. Findings.The legislature makes the findings in this subdivision about the purposes of this section. (a) Sound development of the economic security of the people in port authority cities depends on proper development of marginal property. The general welfare of the residents of port districts requires remedies for the injurious conditions of marginal property by appropriate means. (b) Marginal property cannot be developed without public participation and assistance in: (1) acquiring land, (2) planning, (3) financing of land assembly in the work of clearance and development, and (4)making necessary improvements for developing. When the development of marginal property cannot be done by private enterprise alone, it is in the public interest to exercise the power of eminent domain,to advance and spend public money, and to provide the means to develop marginal property. (c) The decline of marginal lands often cannot be reversed except by developing all or most of those lands. Private development may be uneconomic and practically impossible because of costs and lack of legal power. The public may have to acquire sizable areas of marginal property at fair prices to remedy the conditions on the marginal property, and to develop the areas under proper supervision, with appropriate planning and continuing land use. The development of land acquired under sections 469.048 to 469.068 is a public necessity and use and a governmental function. The sale or lease of the land after development is incidental to the real purpose: to remove the condition making the property marginal. • (d) The development of marginal property and its continuing use are public uses,public purposes, and government functions that justify spending or advancing public money and acquiring private property. The development is a state concern in the interest of health, safety,and welfare of the people of the state and of all residents and property owners in communities having marginal property. Marginal property causes problems beyond control of police power alone. History: 1987 c 291 s 59 469.059 DEVELOPMENT DISTRICT POWERS. Subdivision 1. In general. A port authority, or a city authorized by law to exercise the powers of a port authority,may use the powers in this section for the purposes in section 469.058, subdivision 1. Subd. 2.Acquire property. The port authority may acquire by lease,purchase, gift, devise, or condemnation proceedings the needed right, title, and interest in property to create industrial development districts.A port authority may lease property in or out of its port district if it believes the property is suitable and proper to use to carry out its duties and responsibilities. It shall pay for the property out of money it receives under sections 469.059 to 469.068. It may hold and dispose of the property subject to the limits and conditions in sections 469.049,469.050, and 469.058 to 469.068. The title to property acquired by condemnation or purchase must be in fee simple, absolute. The port authority may accept an interest in property acquired in another way subject to any condition of the grantor or donor. The condition must be consistent with the proper use of the property under sections 469.049, 469.050, and 469.058 to 469.068. Property acquired, owned, leased, controlled,used,or occupied by the port authority for any of the purposes of this section is for public governmental and municipal purposes and is exempt from taxation by the state or by its political subdivisions. The exemption applies only while the port authority holds property for its Copyright©2010 by the Office of the Revisor of Statutes,State of Minnesota.All Rights Reserved.