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sections 469.1812 to 469.1815 without obtaining the consent of <br />the property owner. <br /> <br /> HIST: 1997 c 231 art 2 s 46; 1998 c 397 art 11 s 3; 1999 c 243 <br />art 10 s 8-14; 1999 c 248 s 19; 2000 c 490 art 11 s 33-35; <br />1Sp2001 c 5 art 15 s 26; 2002 c 377 art 7 s 5; 2003 c 127 art 10 <br />s 26; art 12 s 19; 1Sp2003 c 21 art 10 s 11; 2005 c 152 art 1 s <br />17 <br /> <br />==469.1814 <br /> <br /> 469.1814 Bonding author'rly. <br /> <br /> Subdivision 1. Authority. A political subdivision <br />may issue bonds or other obligations to provide an amount equal <br />to the sum of the abatements granted for a property under <br />section 469.1813. The maximum principal amount of these bonds <br />may not exceed the estimated sum of the abatements for the <br />property for the ye. ara authorized. The bonds rr~y be general <br />obligations of the political subdivision if the governing body <br />of the political subdivisi.on elects to pledge the full faith and <br />credit of the subdivision in the resolution issuing the bonds. <br /> <br /> Subd. 2. Chapter 475 applies. Chapter 475 applies to <br />the obligations authorized by this section, except bonds ara <br />excluded Eom the calculation of the net debt limit. <br /> <br /> Subd. 3. Municipal issue for carabined abatements. If <br />two or more political subdivisions decide to grant abatements <br />for the same property, the municipality in which the property is <br />located may issue bonds fo provide an amount equal to the sum of <br />the abatements for each of the jurisdictions that agrees. The <br />governing body of each of the other jurisdictions must guarentee <br />and pledge to pay annually to the municipality the amount of the <br />abatement, This pledge and guarantee is a binding obligation of <br />the political subdivision and must be included in the abatement <br /> <br /> <br />