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Rural bevel ent Finance <br />Municipal Industrial Deve ►Housing <br />Redevelo ment, , <br />p-- <br />Economic Authorities <br />AiAoritv: <br />Act: <br />d-orities <br />Drmig2mol Au h <br />(continued) <br />(continued) <br />(continued) <br />(continued) <br />Activities: <br />Activities: <br />Activities <br />Activities: <br />EDAs are granted powers within <br />1. Build, obtainand operate <br />1. Build, acquire, and retain all <br />1. May establish a redevelopment <br />their own district, outside their <br />projects designed for the <br />lands, structures, and equipment <br />project (Minn. Stat. 4,69.00 2) for <br />development district, and, by <br />production of agricultural <br />relating to a project. <br />the elimination/and prevention of <br />cross-reference, the powers of <br />products. <br />blighted areas,. <br />HRAs, development districts in <br />2. Enter, into contracts with other <br />connection with the City, and <br />2. Perform agricultural research., <br />municipalities and agencies in <br />2. Carry out projects designed to <br />agencies in connection with <br />connection with projects. <br />improve blighted areas. <br />Municipal Industrial <br />I Seek aid from additional <br />Development, <br />sources to promote employment,., <br />3. Assign revenues fmm, projects <br />3. Acquire real or personal <br />to the holders of bands" <br />property, for activities related, to <br />Powers: <br />4. Undertake projects authorized <br />projects. <br />under the agricultural resource <br />4. Sell property associated with <br />1. Acquire property for creation <br />loan guarantee program. <br />projects. <br />4. May provide for the <br />of development district that is tax <br />admbidstration of'a commercial <br />exempt. <br />5. May enter contracts and <br />5. Exempt from property taxes on <br />building loan program to preserve <br />employ financial, specialists for <br />nonresidential stuctures, built for <br />small sized buildings in its <br />I Sell, or, lease land either by <br />assistance. <br />sale or rent until, the building" is <br />district,., <br />private or public means. <br />solid or rented; maximum time is 4 <br />6. Issue bonds or notes for <br />yes", <br />5�. May sell real or personal <br />3. Carry out EDA law to develop <br />fmancigg p" u'se's. <br />property for project related <br />and ituptlove land within the <br />6. May coltually limit its <br />purposes. <br />district. The EIAA may make any <br />ability, to exercise authority, <br />necessary arrangements to make <br />allowing a municipality to enter <br />6. May sell its lands and <br />land suitable for development. <br />into a contract with bondholders. <br />properties, to private or public <br />parties. Saleis dependeut on <br />4,. Exercise Eminent Domain. <br />7. Make all necessary contracts in <br />these parties' responsibility, to <br />order to secure playmmts of its <br />continue with the redevelopment <br />5. Enter into contracts for the <br />bonds. <br />plan specified by the HRA,. <br />pwrpose of economic <br />development., <br />7. May act as federal, government <br />agent, in carrying, out provisions of' <br />6. Purchase all materials needed <br />Municipal Housing and <br />to carry out development. <br />Redevelopment Act. <br />7. ]Engage in research to <br />8. May exercise the powers <br />determine factors of specified <br />granted to redevelopment <br />development projects. <br />agencies under, Minn. Stat. § § <br />691.152 to 469.1651. <br />8. Act as a limited partner in <br />contracts with additional parties. <br />9. Provide relocation payments <br />and assistance in accordance with <br />Cross reference powers; <br />federal guidelines., <br />1. Exercise Industrial <br />Development powers for HRA <br />and EDA powers for industrial <br />development activities. <br />35 <br />