Agenda - Council - 09/13/1988 - Laserfiche WebLink

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8. The Authority may operate and maintain a public parking facility or other public facility to promote development in a District. 9. An Authority may accept conveyances of land from other public agencies or units of government if the Authority can properly use the land in a District to carry out the purposes of Sections 469.090 to 469.108. 10. An Authority may fill, grade and protect the property, including doing anything necessary to make it suitable for economic development. An Authority may lease some or all of its property and may set up local improvement districts in all or part of the District. Cost of Redevelopment. Pursuant to Minnesota Statutes, Section 469.090, subd. 5, cost o~ redevelopment includes: 1. Acquiring property (by purchase, lease, condemnation or otherwise). 2. Demolishing, removing structures or other improvements on the acquired property. 3. Correcting soil deficiencies. 4. Constructing or installing public improvements, streets, roads and utilities. including 5. Providing relocation benefits. 6. Planning, engineering, legal and other necessary services to carry out activities listed in (1) through (5) above. Sale of Property. Pursuant to Minnesota Statutes, Section 469.105, an Authority may sell and convey property owned by it within the city or the district if the Authority determines the sale to be in the best interest of the city or district and the sale furthers the Authority's general plan for economic development. Prior to the sale of property, the Authority shall hold a public hearing, with published notice given at least 10 but not more than 20 days prior to the hearing. Advances by Authority. Pursuant to Minnesota Statutes, Section 469.106, an Authority may advance its general fund money, its credit or both, without interest, for the purposes of 469.090 to 469.108. The advances, however, must be prepaid from the sale and/or lease of developed or redeveloped lands.