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• Mr. Joseph David Strauss <br /> July 7, 1988 <br /> Page 3 <br /> and tax increment financing, to promote or undertake economic development <br /> activities. <br /> I assume that at least some of your members already have existing economic <br /> development authorities. Those entities could enter into the joint powers agreement <br /> by action of their boards. However, those of your members which do not have <br /> economic development authorities in existence would would need to create them in <br /> order to implement the concept outlined in this letter and to participate in the joint <br /> powers agreement. Therefore, I have attached to this letter some forms which <br /> constitute the basic documentation necessary to create an economic development <br /> authority. <br /> It should be noted that under Minnesota Statutes, Section 469.108 of the economic <br /> development authority legislation, a-city which has established a port authority by <br /> special law or which has been granted the power to establish a port authority by <br /> special law or which has been granted the power to exercise the powers of a port <br /> authority by special law may create an economic development authority under the <br /> procedures specified by the statute. However, if such a city does create an economic <br /> development authority, it may no longer exercise the powers which were granted to it <br /> by the special law. Any cities in that situation may find that it is in their best <br /> interest not to create an EDA and waive their right to use their port authority <br /> powers. In that case, the cities may decide that it is advisable to have their port <br /> authority enter into the joint powers agreement and to permit the joint development <br /> entity to exercise all or part of their port authority powers within that city's <br /> jurisdiction. <br /> Please let me know if you have any questions concerning this letter. We would be <br /> happy to meet with you and your organization to discuss this matter further or to <br /> prepare any additional documentation which would be necessary to implement the <br /> proposal. <br /> Sincerely, <br /> Robert J. Deike <br /> RJD:jes <br /> Enclosures <br /> cc: Phil Cohen (w/enclosures) <br />