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RELEVANT LINKS: <br /> Current law eliminates the requirements that economic development <br /> districts established by EDAs meet the "blight test''under tax increment <br /> financing law for redevelopment districts. <br /> EDAs may exercise powers under the housing and redevelopment <br /> authority (HRA)law (if a particular EDA enabling resolution includes <br /> HRA power)to create a redevelopment project, housing development, or <br /> housing project under which a restrictive blight test does not apply. These <br /> projects can be used for similar purposes to those of an economic <br /> development district under the EDA law. <br /> D. Port authorities <br /> Minn.stat.§§469.048- The state Legislature authorizes city creation of port authorities. A port <br /> 469.068.Minn.Stat.§ <br /> 469.053. authority is a separate political entity with the right to sue and be sued in <br /> its own name and is generally organized to increase commerce in a city. <br /> Unlike EDAs and HRAs, a port authority may issue general obligation <br /> bonds without holding an election. <br /> Minn.stat.§469.050. Cities establish a port authority by passing an enabling resolution. It may <br /> Minn.Stat.§469.051. <br /> have from three to seven commissioners (two of whom must be on the city <br /> council) appointed by the mayor and approved by the city council,unless a <br /> different number or procedure is set out in the enabling law. State law <br /> governs commissioner pay, vacancies, duties, and port authority by-laws. <br /> Minn.stat.§469.051,subd. A port authority shall annually elect a president or chair, vice-president or <br /> 2. <br /> vice-chair,treasurer, secretary, and assistant treasurer. A commissioner <br /> may not serve as president or chair and vice-president or vice-chair at the <br /> same time. The other offices may be held by one commissioner. The <br /> offices of secretary and assistant treasurer need not be held by a <br /> commissioner. <br /> The treasurer of a port authority must be bonded to faithfully perform <br /> these duties: <br /> • Receive and be responsible for port authority money. <br /> • Be responsible for the acts of the assistant treasurer, if appointed. <br /> • Disburse port authority money by check or electronic procedures. <br /> • Keep an account of the source of all receipts, and the nature,purpose, <br /> and authority of all disbursements. <br /> • File the authority's detailed financial statement with its secretary at <br /> least once a year at times set by the authority. <br /> League of Minnesota Cities Handbook for Minnesota Cities 11/4/2014 <br /> Community Development and Redevelopment Chapter 15 1 Page 11 <br />