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68 MINNESOTA STATUTES 2010 469.068 in the deed as a covenant running with the land the conditions of sections 469.048 to 469.068 relating to the use of the land. If the covenant is violated the authority may declare a breach of the covenant and seek a judicial decree from the district court declaring a forfeiture and a cancellation of the deed. Subd. 7. Plans; specifications.A conveyance must not be made until the purchaser gives the port authority plans and specifications to develop the property sold. The port authority must approve the plans and specifications in writing. The port authority may require preparation of final plans and specifications before the hearing on the sale. History: 1987 c 291 s 66 469.066 ADVANCES BY PORT AUTHORITY. A port authority may advance its general fund money or its credit, or both,without interest, for the objects and purposes of sections 469.058 to 469.068. The advances must be repaid from the sale or lease, or both, of developed or redeveloped lands. If the money advanced for the development or redevelopment was obtained from the sale of the port authority's general obligation bonds,then the advances must have not less than the average annual interest rate that is on the port authority's general obligation bonds that are outstanding at the time the advances are made. The port authority may advance repaid money for more objects and purposes of sections 469.058 to 469.068 subject to repayment in the same manner. The port authority must use rentals of lands acquired with advanced money to collect and maintain reserves to secure the payment of principal and interest on revenue bonds issued to finance port or industrial facilities, if the rentals have been pledged for that purpose under section 469.061. Advances made to acquire lands and to construct facilities for recreation purposes if authorized by law need not be reimbursed under this section. Sections 469.048 to 469.068 do not exempt lands leased from the authority to a private person or entity from assessments or taxes against the leased property while the lessee is liable for the assessments or taxes under the lease. History: 1987 c 291 s 67 469.067 FINDING LAND IS MARGINAL IS PRIMA FACIE EVIDENCE. A port authority decision that property it seeks is marginal is prima facie evidence in eminent domain proceedings that the property is marginal if the decision is made in a resolution, stating the characteristics that make the property marginal. History: 1987 c 291 s 68 469.0671 NO STATE BAILOUT OF PORT AUTHORITIES. State appropriations or credit of the state must not be used to pay or guarantee the payment of the debt of a port authority. History: 1986 c 399 art 2 s 12; 1986 c 400 s 12; 1 Sp1986 c 3 art 2 s 41 469.068 BID LAW FOR CONSTRUCTION CONTRACTS. Subdivision 1. Contracts; bids; bonds. All construction work and every purchase of equipment, supplies, or materials necessary in carrying out the purposes of sections 469.048 to 469.068,that involve the expenditure of$1,000 or more, shall be awarded by contract as provided • in this subdivision or in subdivision 1 a. Before receiving bids under sections 469.048 to 469.068, the authority shall publish, once a week for two consecutive weeks in the official newspaper of the port's city, a notice that bids will be received for the construction work, or purchase of Copyright©2010 by the Office of the Revisor of Statutes,State of Minnesota.All Rights Reserved.