469.109 PURPOSE. The legislature finds that there exists in the state certain areas of substantial and persistent unemployment causing hardship to many individuals and their families and that there also exist certain rural areas where development and redevelopment should be encouraged. The legislature finds that the powers and facilities of the state government and local […]
469.110 DEFINITIONS. Subdivision 1. Generally. In sections 469.109 to 469.123, the terms defined in this section have the meanings given them herein, unless the context indicates otherwise. Subd. 2. Department. “Department” means the Department of Employment and Economic Development. Subd. 3. Local agency. “Local agency” means the area or municipal redevelopment agencies created or authorized […]
469.111 LOCAL OR AREA AGENCIES; ESTABLISHMENT. Subdivision 1. Findings required. In order to carry out the purposes of sections 469.109 to 469.123, any municipality or group of municipalities may establish a public body, corporate and politic, to be known as the municipal or area redevelopment agency in and for that municipality or group of municipalities. […]
469.112 MUNICIPALITIES MAY JOIN TOGETHER. Subdivision 1. Joint exercise of powers. Two or more municipalities, by agreement entered into through action of their governing bodies, may jointly exercise any of the powers conferred by sections 469.109 to 469.123 after the governing body of each of the municipalities has adopted the resolution provided for in section […]
469.113 CONFLICT OF INTEREST. No commissioner or employee of any local agency shall acquire any interest, direct or indirect, in any project or in any property included or planned to be included in any project, nor have any interest, direct or indirect, in any contract or proposed contract for materials or service to be furnished […]
469.114 AGENCIES; MEETINGS, EXPENSES. Subdivision 1. Commissioners’ authority. The powers of each agency shall be vested in the commissioners thereof in office at any time, a majority of whom shall constitute a quorum for all purposes. Each agency shall select a chair and a secretary from among its commissioners and shall adopt bylaws and other […]
469.115 POWERS OF AGENCIES. A local agency shall have all the powers necessary or convenient to carry out the purposes of sections 469.109 to 469.123; except that the agencies shall not levy and collect taxes or special assessments, nor exercise the power of eminent domain unless the governing body of the municipality or municipalities, in […]
469.116 BOND ISSUE FOR REDEVELOPMENT PURPOSES. Subdivision 1. Power to issue. A local agency may issue bonds for any of its corporate purposes. Subject to the limitations of this section, the bonds may be of the type it determines, including bonds on which the principal and interest are payable exclusively from the income and revenues […]
469.117 EMINENT DOMAIN PROCEEDINGS. Subdivision 1. Compensation. If a local agency deems necessary, it may, after having filed in court an application to assess compensation for the property to be appropriated pursuant to eminent domain proceedings, forthwith pay into court a sum of money to secure compensation to the owner of the appropriated property. The […]
469.118 LOANS TO REDEVELOPMENT AGENCIES. Subdivision 1. Conditions for making. When it has been determined by the department upon application of a local agency that the establishment of a particular redevelopment project in a redevelopment area has accomplished or will accomplish the public purposes of sections 469.109 to 469.123, the department may contract to loan […]
469.119 LOAN APPLICATION REQUIREMENTS. Subdivision 1. Application contents. Prior to the loaning of any funds for a redevelopment project in a redevelopment area the local agency shall receive from the applicant and, in the case of department participation, shall forward to the state agency a loan application. The application shall be in the form adopted […]
469.122 LIMITATION OF POWERS. The state pledges to the United States or any agency thereof that if any federal agency shall construct, loan, or contribute any funds for the construction, extension, improvement, or enlargement of any redevelopment project, or any portion thereof, the state will not alter or limit the rights and powers of the […]
469.123 EXAMINATION AND AUDIT OF LOCAL AGENCY. The accounts, books, and records of any local or area agency, including its receipts, disbursements, contracts, mortgages, investments, and other matters relating to its finances, operation, and affairs shall be examined and audited from time to time by the state auditor as provided by law. History: 1987 c […]
