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RELEVANT LINKS: <br />Minn. Stat. § 469.107. <br />Minn. Stat. § 275.066. <br />Minn. Stat. § 469.012, subd. <br />4. Minn. Stat. § 469.028. <br />Minn. Stat. § 469.015. <br />Minn. Stat. § 469.015, subd. <br />l a. <br />Minn. Stat. § 469.033. <br />Minn. Stat. § 469.034. <br />Minn. Stat. § 469.034, subd. <br />1. <br />The city's estimated market value is available from the county assessor. <br />An HRA raises its own levy because it is a separate political subdivision <br />and not a "local governmental unit." Therefore, an HRA levy is not subject <br />to levy limits but is subject to the 0.0185 percent market value limit. <br />Levies collected by an HRA must be used only for purposes listed in the <br />HRA Act. <br />There is crossover between HRA and EDA levies that can be confusing. <br />Typically, EDAs are not authorized to levy taxes under state law. <br />However, many city EDA -enabling resolutions adopt all the powers of an <br />HRA, and then the EDA functions as a special taxing district under state <br />law. If the enabling resolution so allows, the EDA levies a separate tax or <br />"HRA levy" not subject to levy limits or city debt limits—but again <br />subject to the 0.0185 percent of total city market value limit in state law. <br />The city attorney may verify the structure and levy authority of each city's <br />HRA and/or EDA. <br />While HRAs have the legal authority to "do whatever is necessary and <br />convenient" to implement redevelopment, they are subject to the <br />ordinances and laws of the city. The city council must approve HRA plans <br />before the housing and redevelopment authority may begin <br />implementation. <br />6. HRA contracting <br />All HRA construction work and purchases of equipment, supplies or <br />materials that involve expenditure of more than $100,000 must be <br />competitively bid. An HRA (and a city) may also use the "best value <br />alternative." There are limited exceptions to these requirements for <br />emergencies and certain projects, such as parking ramps. <br />7. HRA financing <br />Operating funds, capital improvements, and debt retirement expenses for <br />HRA projects may be financed by any one, or combination of, the <br />following methods: <br />• Federal grants. <br />• Revenue bonds the HRA or local governing body sells. <br />• General obligation bonds the local governing body sells_ <br />• Tax increments from redevelopment projects. <br />• A limited levy for redevelopment projects and planning activities. <br />When an HRA issues bonds, the revenue generated must be used for the <br />projects financed, or bond costs must be paid from income generated by <br />designated projects. <br />League of Minnesota Cities Handbook for Minnesota Cities 11/4/2014 <br />Community Development and Redevelopment Chapter 15 1 Page 8 <br />