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CHAPTER 16 • <br /> Minn.Stat.§469.003,subds 4, . Resolution of need. - <br /> 6. <br /> Minn.Stat.§469.003,subd.7. . Certificates of appointment or reappointment of HRA commissioners. <br /> Project reports. <br /> Applications for federal assistance. <br /> Contracts with federal agencies. <br /> Redevelopment plans. <br /> Low rent public housing project and management plans. <br /> Mtnn.Stat.§469.013. In addition, annual financial reports must go to the state auditor. <br /> 8. Federal certification <br /> In order for a local HRA to use federal Department of Housing and Urban <br /> Development(HUD)assistance programs, it must submit a transcript of <br /> organizational documents to the HUD area office. <br /> 9. Pros and cons of the HRA • <br /> While HRAs have demonstrated competence and professional expertise in <br /> many areas, any special purpose agency like an HRA will have some pros <br /> and cons. <br /> a. Pros <br /> Fiscal self-sufficiency.Due to the nature of the programs an HRA <br /> addresses, it can fund projects usually outside the general government <br /> budget with minimal, direct impact on the city budget.The enabling <br /> legislation also allows for a one-third mill levy and the use of revenue <br /> bonds. <br /> Greater efficiency.Because of the specialized functions of an HRA it can <br /> Y P , <br /> organize its operations in a certain area better than general government by <br /> focusing resources on the delivery of a specific program rather than on a <br /> wide-range of conventional services. <br /> Flexibility.An HRA can act swiftly to meet a problem and has the <br /> flexibility to be more innovative than a city council in developing new <br /> approaches. Furthermore, an HRA has the ability to coordinate public and <br /> private resources to solve problems. <br /> 16-8 HANDBOOK FOR MINNESOTA Cams • <br /> This chapter last revised 12/15/2004 <br />