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469 - 2015 Minnesota Statutes Page 1 of 15 <br /> ECONOMIC DEVELOPMENT AUTHORITIES <br /> 469.090 DEFINITIONS. <br /> l <br /> Subdivision 1. Generally. In sections 469.090 to 469.108,the terms defined in this <br /> section have the meanings given them herein, unless the context indicates a different <br /> meaning. <br /> Subd.2. Authority. "Authority" means an economic development authority. <br /> Subd.3. City. "City"means a home rule charter or statutory city. <br /> G <br /> Subd.4. Development. 'Development" includes redevelopment,and "developing" <br /> includes redeveloping. <br /> Subd. 5. Cost of redevelopment. "Cost of redevelopment" means,with respect to <br /> an economic development district project,the cost of: <br /> (1)acquiring property,whether by purchase,lease,condemnation,or otherwise; <br /> (2)demolishing or removing structures or other improvements on acquired properties; <br /> (3)correcting soil deficiencies necessary to develop or use the property for an <br /> appropriate use as determined by the authority; <br /> (4)constructing or installing public improvements, including streets,roads,and <br /> utilities; <br /> (5)providing relocation benefits to the occupants of acquired properties; <br /> (6)planning,engineering, legal, and other services necessary to carry out the <br /> functions listed in clauses(1)to(5),and <br /> (7)the allocated administrative expenses of the authority for the project. <br /> History: 1987 c 291.s 91 <br /> E <br /> 469.091 ECONOMIC DEVELOPMENT AUTHORITY. <br /> Subdivision 1. Establishment. A city may,by adopting an enabling resolution in <br /> compliance with the procedural requirements of section 469.093,establish an economic <br /> development authority that,subject to section 469.092,has the powers contained in <br /> sections 469.090 to 469.108 and the powers of a housing and redevelopment authority <br /> under sections 469.001 to 469.047 or other law,and of a city under sections 469.124 to <br /> 469.133 or other law. If the economic development authority exercises the powers of a <br /> housing and redevelopment authority contained in sections 469.001 to 469.047 or other <br /> law, the city shall exercise the powers relating to a housing and redevelopment authority <br /> granted to a city by sections 469.001 to 469.047 or other law. <br /> Subd.2. Characteristics. An economic development authority is a public body <br /> corporate and politic and a political subdivision of the state with the right to sue and be <br /> sued in its own name.An authority carries out an essential govermnental function when it <br /> exercises its power,but the authority is not immune from liability because of this. <br /> Subd. 3. Unpaid officers,directors,and agents; liability. Section 317A.257 <br /> applies to an economic development authority or to a nonprofit corporation exercising tine <br /> powers of an economic development authority. <br /> History: 1987 e 291 s 92; 1994 c 623 art S s 2; 2013 c 125 art I s 107 <br /> 469.092 LIMIT OF POWERS. <br /> Subdivision 1. Resolution. The enabling resolution may impose the following limits <br /> upon the actions of the authority: <br /> https://www.revisor.nin.gov/statutes/?id=469&vie,A--chapter 7/7/2016 <br />