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CHAPTER 15 <br /> • Promote pedestrian skyway systems. <br /> • Install special lighting systems, street signs and street furniture, <br /> landscaping of streets and public property, and snow removal systems. <br />~~ir,,,. scat. 4 ~x=~-12%. 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 />~ inn. scat. ~ ~1x4~. i 52 to For the purpose of attracting industrial and commercial development and <br />~{'~'~~''~ ~ encouraging local governments to prevent economic deterioration, any home <br />tilinn. star' § =1x43'1'2. rule charter or statutory city or its redevelopment agency has the power to <br /> 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 /> • Issuing revenue bonds and entering into revenue agreements to finance <br /> these activities to promote industrial projects. <br />Minn. star. 4 ~`c'~.~ ", stitbcl. a. 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 most <br /> industrial revenue bonds. <br />2011) jinn. laws oh, 21s, ~ 2~ Industrial projects eligible for assistance include any revenue-producing <br />amendingllinn. Star. =1fi').1 wi„ <br />Si4hc1 2 <br />enterprises engaged in assembling, fabricating, manufacturing, mixing, <br /> processing, storing, warehousing, or distributing any products of agriculture, <br /> forestry, mining, or manufacturing; or in research and development activity <br /> in these fields; or in the manufacturing, creation, or production of intangible <br /> property, including any patent, copyright, formula, process, design, know <br />2C3to 14~linn. 1_aws ah. 21fi, ~ 2x ro <br />be codified as ~~linn. star. ~ how, format, or other similar item. "Project" also includes any properties <br />4x~.lxss. designated as a qualified green building and sustainable design project under <br /> state law. Eligible projects may include costs related to dewatering <br /> activities. <br />ui;,,,,. star. 4 ~x<~.lss> 4~4h~1. t~. The law prohibits a city from operating any of these projects as a business or <br /> in any other manner. <br />1$:12 <br />LEAGUE OF MINNESOTA CTTIES <br />This chapter last revised 12/2010 <br />