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and EDA Act for a purpose under the Municipal Industrial Development District Act. In addition to these cross-referenced powers, the EDA Act includes some specific unique powers, including the power to become a limited partner in a partnership “whose purpose is consistent with the authority’s purpose” (Section 469.101, subd. 6); to carry out public relations activities in furtherance of economic development (Section 469.101, subd. 16); and to invest in certain venture capital businesses (Section 469.101, subd. 23). The net result is that EDAs generally have similar powers to HRAs, except that the purposes extend beyond housing and redevelopment to include the broader goals of economic development. A final point involves tax levies. EDAs have access to two types of tax levies. First, an EDA may use its HRA powers and levy the HRA tax described above (subject to Council approval). In cities that have both an EDA and an HRA, the maximum levy (.0185% of market value) probably applies collectively to the two bodies. That is, if both an EDA and HRA wish to levy a special benefit tax, they probably need to allocate the statutory limit between them. Secondly EDA Act authorizes a tax levy for EDAs as described in Section 469.107. If the EDA requests, a City may (but is not required to) levy a tax “for the benefit of the authority.” The maximum amount is.01813% of the City’s taxable market value. Unlike the HRA levy described above, this is not a separate levy made by the EDA; it is made by the City and is included within the City’s levy limits. As a result this so-called “EDA levy” is not a significant benefit except in unusual circumstances. Like HRAs, EDAs may issue revenue bonds, and technically may issue general obligations bonds secured by the City’s full faith and credit (with consent of the city council), but such bonds are subject to election. C.PORT AUTHORITY A port authority may be established only by special legislation, and once established has the powers described in the Port Act (except as modified by the special legislation). In Roseville, the port authority powers are granted by Minnesota Statutes, Section 469.083 (the “Roseville Special Law”). Rather than authorizing the creation of separate port authority, the Roseville Special Law gives the City Council the authority to exercise all the powers of a port authority under the Port Act. Most powers of a port authority are exercised in “industrial development districts.” To establish such a district, the City Council must find that the district is characterized by “marginal property,” and that the district is needed to promote “industrial development.” Marginal property is defined in the Port Act as property that suffers from at least one of a number of conditions, such as faulty planning, lower values, and stagnant or unproductive land. This is more limiting than EDA powers, which may be exercised in broadly-defined “economic development districts,” and EDA purposes are not limited to industrial development. SJB-222120v1 5