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CHAPTER 15
<br />* Redevelopment plan I,
<br />Low rent public hou.sing prqj'ect and. management plans.
<br />Minn. Stat. § 469.013. In ad.d.ition, annual financial reports must go to the state au.d.itor.
<br />ij� iiII111 Iq ill
<br />�. � 1�1�
<br />�� ill 111 a.
<br />In order for a local HRA to use federal Department of Housing and Urban
<br />Development (HUD,) assistance programs, it must submit a transcript of
<br />organizational documents to the HUD, area office.
<br />101 EDA levies
<br />Minn. Stat. § 275.70. The typical EIS, A levy is different than the HRA levy d.iscu.ssed. above. It is
<br />not a levy raised. by the EIS it is a levy set by a city at the request of the
<br />ED, A. Basically, the city simply appropriates part of the money the city
<br />collects in the general city levy to the EIS,. Because the EIS, A levy is part of
<br />Minn. Stat. § 275.066. the city levy, it is not a ``special levy" under state law and. thus the EIS, A levy
<br />is sulject to the city's overall levy limit. However, as noted. above, many
<br />ED,A-enabling resolutions adopt all the powers of an HR A. If so, the EIS,A
<br />may levy a separate tax or "HRA levy," and. then the EIS, A functions as a
<br />special taxing district as if it were an HRA and. that levy is not sul�ject to
<br />levy limits or to city debt limits. An EIS, A u.sing the levy powers of an HRA
<br />is still limited. to a levy no more than 0.0185 percent of the total taxable
<br />market value in the city.
<br />201 E,DA l�oans
<br />Minn. Stat. § 469.192. An EIS, A is authorized. to make a loan to a business, a for-profit or nonprofit
<br />Minn. Stat. §§ 4 9.09O to organization, or an individual. Before taking an action or making a decision
<br />4 9.10 2. which could. substantially affect an EIS, commissioner's or an employee's
<br />Minn. Stat. § 46�9.098. financial interests or those of an organization with which the commissioner
<br />or an employee is associated., a commissioner or employee of an authority
<br />must comply with specific requirements to disclose the conflict and. obtain
<br />prior approval. Failure to do so may result in criminal charges.
<br />HANDBOOK FOR MINNESOTA CITIES 15:9
<br />This chapter last revised 12/2010
<br />C. Econ�o m is development authorities
<br />Minn. Stat. §§ 469.090 to
<br />All cities and. townships have authority from the state Legislature to create
<br />4 9.10 2.
<br />economic development authorities. The city may consolidate the economic
<br />2010 Minn. Laws ch. 387.1, art. 1.1,
<br />§ 25 amending Minn. Stat. §
<br />development authority (ED, A) with an existing HRA or the city may grant
<br />4 9.1082.1, subd. 5.
<br />the authority HRA powers. The city council may create an EIS, A by passing
<br />The Economic Deixelopivent
<br />an enabling resolution. Before adopting the enabling resolution, the city
<br />Atith,otlties Handbook. For a copy
<br />must first conduct a public hearing. The enabling resolution establishes a
<br />of this book, and for sampl e
<br />resolutions and by laws r an
<br />board. of commissioners for the ED, A. The city council can choose to serve
<br />EDP,, contact the League's
<br />as the EIS, A board. of commissioners or create a board. composed. of
<br />Re search pr art925-1122.
<br />mcomunity members. The mayor, with approval of the council, appoints the
<br />8220 o (800)
<br />commissioners. The board. may consist of three, five or seven members who
<br />serve six-year terms. The board. is subject to the open meeting law.
<br />101 EDA levies
<br />Minn. Stat. § 275.70. The typical EIS, A levy is different than the HRA levy d.iscu.ssed. above. It is
<br />not a levy raised. by the EIS it is a levy set by a city at the request of the
<br />ED, A. Basically, the city simply appropriates part of the money the city
<br />collects in the general city levy to the EIS,. Because the EIS, A levy is part of
<br />Minn. Stat. § 275.066. the city levy, it is not a ``special levy" under state law and. thus the EIS, A levy
<br />is sulject to the city's overall levy limit. However, as noted. above, many
<br />ED,A-enabling resolutions adopt all the powers of an HR A. If so, the EIS,A
<br />may levy a separate tax or "HRA levy," and. then the EIS, A functions as a
<br />special taxing district as if it were an HRA and. that levy is not sul�ject to
<br />levy limits or to city debt limits. An EIS, A u.sing the levy powers of an HRA
<br />is still limited. to a levy no more than 0.0185 percent of the total taxable
<br />market value in the city.
<br />201 E,DA l�oans
<br />Minn. Stat. § 469.192. An EIS, A is authorized. to make a loan to a business, a for-profit or nonprofit
<br />Minn. Stat. §§ 4 9.09O to organization, or an individual. Before taking an action or making a decision
<br />4 9.10 2. which could. substantially affect an EIS, commissioner's or an employee's
<br />Minn. Stat. § 46�9.098. financial interests or those of an organization with which the commissioner
<br />or an employee is associated., a commissioner or employee of an authority
<br />must comply with specific requirements to disclose the conflict and. obtain
<br />prior approval. Failure to do so may result in criminal charges.
<br />HANDBOOK FOR MINNESOTA CITIES 15:9
<br />This chapter last revised 12/2010
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