Laserfiche WebLink
RELEVANT LINKS: <br /> Minn.stat.§469.127. 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 /> Minn.stat.§§469.152 to For the purpose of attracting industrial and commercial development and <br /> 469.1655. <br /> Minn.stat.§469.152. 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 /> Minn.stat.§469.155,subd. • Issuing revenue bonds and entering into revenue agreements to finance <br /> 4. 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 /> Minn.stat.§469.153,subd. Industrial projects eligible for assistance include any revenue-producing <br /> 2. enterprises engaged in assembling, fabricating,manufacturing, mixing, <br /> processing, storing, warehousing, or distributing any products of <br /> Minn.stat.§469.1655. 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 /> Minn.stat.§469.155,subd. The law prohibits a city from operating any of these projects as a business <br /> 14. <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 />