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469 - 2.0 <br /> 15 Minnesota Statutes Page 2 of 15 <br /> (1)that the authority must not exercise any specified powers contained in sections <br /> 469.001 to 469.047,469.090 to 469.108,and 469.124 to 469.133 or that the authority must <br /> not exercise any powers without the prior approval of the city council; <br /> (2)that,except when previously pledged by the authority,the city council may by <br /> resolution require the authority to transfer any portion of the reserves generated by <br /> activities of the authority that the city council determines is not necessary for the <br /> successful operation of the authority to the debt service fund of the city,to be used solely <br /> to reduce tax levies for bonded indebtedness of the city; <br /> (3)that the sale of all bonds or obligations issued by the authority be approved by the <br /> city council before issuance, <br /> (4)that the authority follow the budget process for city departments as provided by <br /> the city and as implemented by the city council and mayor; <br /> (5)that all official actions of the authority must be consistent with the adopted <br /> comprehensive plan of the city,and any official controls implementing the comprehensive <br /> plan; <br /> (6)that the authority submit all planned activities for influencing the action of any <br /> other governmental agency, subdivision,or body to the city council for approval; <br /> (7)that the authority submit its administrative structure and management practices to <br /> the city council for approval;and <br /> (8)any other limitation or control established by the city council by the enabling <br /> resolution. <br /> Subd.2. Modification of resolution. The enabling resolution may be modified at <br /> any time,subject to subdivision 5, and provided that any modification is made in <br /> accordance with this section. <br /> Subd. 3. Report on resolution. Without limiting the right of the authority to petition <br /> the city council at any time,each year,within 60 days of the anniversary date of the first <br /> adoption of the enabling resolution,the authority shall submit to the city council a report <br /> stating whether and how the enabling resolution should be modified.Within 30 days of <br /> receipt of the recommendation,the city council shall review the enabling resolution, <br /> consider the recommendations of the authority,and make any modification it considers <br /> appropriate.Modifications must be made in accordance with the procedural requirements <br /> of section 469.093. <br /> Subd.4. Compliance. The city council's determination that the authority has <br /> complied with the limitations imposed under this section is conclusive. <br /> Subd. 5. Limits; security. I.,imits imposed under this section must not be applied in <br /> a manner that impairs the security of any bonds issued or contracts executed before the <br /> limit is imposed.The city council must not modify any limit in effect at the time any bonds <br /> or obligations are issued or contracts executed to the detriment of the holder of the bonds <br /> or obligations or any contracting party. <br /> History: 1987 c 291 s 93; 2013 c 125 art I s 107 <br /> 469.093 PROCEDURAL REQUIREMENT. <br /> Subdivision 1. Enabling resolution. The creation of an authority by a city must be <br /> by written resolution referred to as the enabling resolution.Before adopting the enabling <br /> resolution,the city council shall conduct a public hearing.Notice of the time and place of <br /> hearing,a statement of the purpose of the hearing,and a summary of the resolution must <br /> be published in a newspaper of general circulation within the city once a week for two <br /> consecutive weeks.The first publication must appear not more than 30 days from the date <br /> of the public hearing. <br /> https://www.revisor.mn.go statutes ?id=469&view--chapter <br /> 7/7/2016 <br />