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CHAPTER 15 • To sell, buy, own, and. lease property by any means necessary, inclu.d.ing the power of eminent domain. • To cooperate with and. u.se state and. federal financial assistance programs. • To develop rehabilitation and. code enforcement techniques. • To issue bonds for any of its corporate purposes backed. by the pledge of revenues, grants or other contributions. • To implement renewal or redevelopment programs u.sing tax increment financing. • To own, hold., improve, lease, sell or dispose of real or personal property. To designate substandard., slum or deteriorating areas needing redevelopment, and. unsafe, unsanitary, and. overcrowded. hou.sing. • To make necessary expenditures to carry out the purposes of the HRA law. • To develop and. administer an interest reduction program to assist the financing of the construction, rehabilitation, or purchase of low- or moderate-income hou.sing. 501 HR special assessment and Ie authority HRA power to levy and. collect taxes or special assessments is limited. to the Minn. Stat. § 4 .001 — 4 .047. 'ded. ' I ity power provi in state law. Sub�ject to a resolut'on of consent from the c' Minn. Stat. § 4 9.033, ubd. 6. council an HRA may levy a tax upon all taxable property within the city. (The council may give a consent that covers a series of years if they so Minn. Stat. § 275.70 to 275.74. choose or council may pass a resolution authorizing an HRA levy for a set amount of time, for example, the entire term of the bonds secured. in part by Minn. Stat. § 275.0616. an HRA levy and. in part by a city levy.) State law recognizes the distinct nature of H and. designates them as "special taxing districts." The maximum general allowable operational levy of H is 0.0185 percent of the previous year's taxable market value of all property in the city. The city's total taxable market value is available from the county assessor. An HRA raises its own levy because it is a separate political subdivision and. not a "local governmental unit." Therefore, an HRA levy is not sulject to levy limits but is su.lject to the 0.01 percent market value limit. Levies collected. by an HRA must be used. only for purposes listed. in the HRA Act. There is crossover between HRA and. EIS, A levies that can be confusing. Typically, ED, As are not authorized. to levy taxes under state law. However, Minn. Stat. § 469.107. many city EDA-enabling resolutions adopt all the powers of an HFA, and. Minn. Stat. § 275.066. then the EIS, A functions as a special taxing district under state law. If the enabling resolution so allows, the EIS, A levies a separate tax or ``HR A levy"" not sub�ject to levy limits or city debt limits —but again su.lject to the 0.01 percent of total city market value limit in state law. The city attorney may v er if y the structure and. l evy authority of each city's HRA and/or ED, A. HANDBOOK FOR MINNESOTA CITIES 15:7 This chapter last revised 12/2010