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RELEVANT LINKS: <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 /> Minn.stat.§469.107. Typically, EDAs are not authorized to levy taxes under state law. <br /> Minn.stat.§275.066. 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 /> Minn.stat.§469.012,subd. while HRAs have the legal authority to "do whatever is necessary and <br /> 4.Minn.Stat.§469.028. <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 /> Minn.stat.§469.015. All HRA construction work and purchases of equipment, supplies or <br /> Minn.Stat.§469.015,subd. <br /> Ia. 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 /> Minn.stat.§469.033. Operating funds, capital improvements, and debt retirement expenses for <br /> Minn.Stat.§469.034. <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 /> Minn.stat.§469.034,subd. when an HRA issues bonds, the revenue generated must be used for the <br /> 1. <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 />