11-08-1989 Council Agenda - Laserfiche WebLink

Home Browse Search

(8) To levy a special tax each year upon all property, both real and personal, within the taxing district (which includes all of the territory included within the area of operation of the Authority). The taxes will be kept in a separate fund known as the "housing and redevelopment project fund ". The money in the fund may be used for HRA purposes and no other purpose. The tax may not exceed ten cents on each $100 of taxable valuation in the area of operation; Minn. Stat. S469.033, Subd. 6; (9) An HRA may exercise the powers of a City under Sections 459.31 to 959.33 if the City, by ordinance, authorizes it. Under Sections 459.31 to 459.33, a city may establish and provide for the administration of a commercial building loan program to rehabilitate and preserve small and medium sized commercial buildings within its boundaries. (b) City Powers as to Projects. A state public body (which includes cities) may aid and cooperate in the planning, undertaking, construction or operation of projects by doing any of the following things: (i) Dedicate, sell, convey, or lease any of its interest in any property or grant easements, licenses or other rights or privileges therein to an Authority; Minn. Stat. S469.041 (1). (ii) Pay the bonds of or make loans or contributions for redevelopment projects; Minn. Stat. 9469.041(1). (iii) Do any and all things necessary or convenient to aid and cooperate in the planning, undertaking, construction or operation of projects; and (iv) Furnish funds available to it from any source, including the proceeds of bonds, to an authority to pay all or any part of the cost to the authority of the activities authorized by section 469.012, subd. 1, clause (7) (acquiring real property, demolishing, removing or rehabilitating, or reconstructing the buildings or improvements, constructing new buildings or improvements thereon, or to prepare the site for improvements), Minn. Stat. 9469.041(9). 17 Page 19