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RELEVANT LINKS: <br />Minn. Stat. § 469.127. <br />Minn. Stat. §§ 469.152 to <br />469.1655. <br />Minn. Stat. § 469.152. <br />Minn. Stat. § 469.155, subd. <br />4. <br />Minn. Stat. § 469.153, subd. <br />2. <br />Minn. Stat. § 469.1655. <br />Minn. Stat. § 469.155, subd. <br />14. <br />The law encourages pedestrian skyway systems, underground pedestrian <br />concourses, people -mover systems, and publicly owned parking structures. <br />It exempts these structures from taxation even when they are attached to <br />privately owned buildings. <br />G. City industrial development <br />For the purpose of attracting industrial and commercial development and <br />encouraging local governments to prevent economic deterioration, any <br />home rule charter or statutory city or its redevelopment agency has the <br />power to promote industrial development by: <br />• Acquiring, constructing, and holding lands, buildings, easements, <br />improvements to lands and buildings, capital equipment, and inventory <br />for industrial projects. <br />• Issuing revenue bonds and entering into revenue agreements to finance <br />these activities to promote industrial projects. <br />• Refinancing health care and other facilities. <br />Under the legislation, cities assist industries in starting operations and use <br />generated revenues to repay the costs. This law is the basis for issuing <br />most industrial revenue bonds. <br />Industrial projects eligible for assistance include any revenue-producing <br />enterprises engaged in assembling, fabricating, manufacturing, mixing, <br />processing, storing, warehousing, or distributing any products of <br />agriculture, forestry, mining, or manufacturing; or in research and <br />development activity in these fields; or in the manufacturing, creation, or <br />production of intangible property, including any patent, copyright, <br />formula, process, design, know how, format, or other similar item. <br />"Project" also includes any properties designated as a qualified green <br />building and sustainable design project under state law. Eligible projects <br />may include costs related to dewatering activities. <br />The law prohibits a city from operating any of these projects as a business <br />or in any other manner. <br />League of Minnesota Cities Handbook for Minnesota Cities 11/4/2014 <br />Community Development and Redevelopment Chapter 15 1 Page 13 <br />