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<br />145 University Ave. West www.lmc.org 8/1/2023 <br />Saint Paul, MN 55103-2044 (651) 281-1200 or (800) 925-1122 © 2023 All Rights Reserved <br />This material is provided as general information and is not a substitute for legal advice. Consult your attorney for advice concerning specific situations. <br /> <br /> <br />HANDBOOK FOR MINNESOTA CITIES <br />Chapter 14 <br />Community Development and <br />Redevelopment <br />TABLE OF CONTENTS <br />Community Development and Redevelopment ..........................................................................................................1 <br />Chapter 14 ..................................................................................................................................................................3 <br />Community Development and Redevelopment ..........................................................................................................3 <br />I. Business subsidies or financial assistance .....................................................................................................3 <br />A. Business subsidies ......................................................................................................................................... 3 <br />B. Financial assistance ....................................................................................................................................... 4 <br />II. City development tools ..................................................................................................................................4 <br />A. General city development powers ................................................................................................................. 4 <br />B. Housing and redevelopment authorities ........................................................................................................ 5 <br />1. Elements of an HRA .................................................................................................................................. 5 <br />2. Area of operation for an HRA ................................................................................................................... 6 <br />3. HRA membership ...................................................................................................................................... 6 <br />4. HRA powers .............................................................................................................................................. 6 <br />5. HRA special assessment and levy authority .............................................................................................. 7 <br />6. HRA contracting ........................................................................................................................................ 8 <br />7. HRA financing........................................................................................................................................... 8 <br />8. HRA certifications to state ........................................................................................................................ 9 <br />9. HRA federal certification .......................................................................................................................... 9 <br />C. Economic development authorities ............................................................................................................... 9 <br />1. EDA levies............................................................................................................................................... 10 <br />2. EDA loans ............................................................................................................................................... 10 <br />3. Other EDA powers .................................................................................................................................. 11 <br />D. Port authorities ............................................................................................................................................ 11 <br />E. Local or area redevelopment agencies ........................................................................................................ 12 <br />F. City development districts ........................................................................................................................... 13 <br />G. Municipal industrial development ............................................................................................................... 13 <br />III. Other development strategies ......................................................................................................................14 <br />A. Housing bonds ............................................................................................................................................. 14 <br />B. Industrial parks ............................................................................................................................................ 14