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<br /> <br /> <br />MINNESOTA STATUTES <br /> <br />CHAPTER 469 <br /> <br />ECONOMIC DEVELOPMENT <br /> <br /> <br />469.033 Public Redevelopment Cost; Proceeds; Financing. <br /> <br />Subd. 6. Operation area as taxing district, special tax. All of the territory included within <br />the area of operation of any authority shall constitute a taxing district for the purpose of <br />levying and collecting special benefit taxes as provided in this subdivision. All of the taxable <br />property, both real and personal, within that taxing district shall be deemed to be benefited <br />by projects to the extent of the special taxes levied under this subdivision. Subject to the <br />consent by resolution of the governing body of the city in and for which it was created, an <br />authority may levy a tax upon all taxable property within that taxing district. The tax shall be <br />extended, spread, and included with and as a part of the general taxes for state, county, and <br />municipal purposes by the county auditor, to be collected and enforced therewith, together <br />with the penalty, interest, and costs. As the tax, including any penalties, interest, and costs, <br />is collected by the county treasurer it shall be accumulated and kept in a separate fund to be <br />known as the "housing and redevelopment project fund." The money in the fund shall be <br />turned over to the authority at the same time and in the same manner that the tax collections <br />for the city are turned over to the city, and shall be expended only for the purposes of <br />sections 469.001 to 469.047. It shall be paid out upon vouchers signed by the chair of the <br />authority or an authorized representative. The amount of the levy shall be an amount <br />approved by the governing body of the city, but shall not exceed 0.0144 percent of taxable <br />market value. The authority shall each year formulate and file a budget in accordance with <br />the budget procedure of the city in the same manner as required of executive departments of <br />the city or, if no budgets are required to be filed, by August 1. The amount of the tax levy for <br />the following year shall be based on that budget. <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br />C:\WINNT\Profiles\Jime\Favorites\City Council Stuff\Misc Reports\County HRA Levy Report - Aug 5, 2002.doc