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<br />BRIGGS AND MORGAN <br /> <br />Mr. Craig Waldron <br />July 18, 1990 <br />Page 2 <br /> <br />469.082, may exercise all of the powers of a port authority <br />provided by Minnesota statutes, sections 469.04~ to 469.068. <br />Pursuant to the powers granted in Minnesota statutes 469.059, <br />Subdivision 15, it may exercise powers and duties of a housing <br />and redevelopment authority under Minnesota Statutes, section <br />469.001 to 469.047. Under these statutory sections a housing and <br />redevelopment authority may undertake housing projects, <br />redevelopment projects and housing development projects. In <br />adgition, under the provisions of Minnesota Statutes, section <br />469.041, housing and redevelopment authorities have the power to <br />make loans or contributions for redevelopment projects. This <br />language would allow the City, under its port authority and <br />housing and redevelopment powers, to loan or grant tax increments <br />for the purpose of rehabilitating houses as part of a <br />redevelopment project. Procedurally, the City would hold a <br />public hearing and create a redevelopment project area, the <br />boundaries of which would be coterminous with the boundaries of <br />the Development District, and would adopt a Redevelopment Plan <br />for the purposes of outlining its redevelopment goals with <br />respect to the redevelopment project area. These goals would <br />include the loan or grant of tax increment proceeds to the owners <br />of the substandard homes for rehabilitation purposes. <br /> <br />You have also asked the question whether the City could loan <br />or grant tax increments to NCR Corporation to finance the cost of <br />a portion of the expenses incurred in NCR's rehabilitiating its <br />existing facility in Roseville for manufacturing or other uses. <br />We would use the same analysis and procedures set forth in the <br />above discussion on the loan or grant of tax increments to <br />homeowners for rehabilitation purposes. <br /> <br />Please let me know whether the City intends to pursue these <br />projects because it will be necessary to prepare a redevelopment <br />plan and resolutions establishing the redevelopment project area <br />and adopting the redevelopment plan. <br /> <br />Very truly yours, <br /> <br />h1fLA.t;t <1 4~ <br /> <br />Mary L. Ippel <br /> <br />MLI:ct <br />