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CIiAPTER 15 <br />Part IV <br />REGULATORY AND DEVELOPMENT FUNCTIONS OF CITIES <br />CHAPTER 15: COMMUNITY DEVELOPMENT AND <br />REDEVELOPMENT <br />I. Business subsidies or financial assistance ............................. .....................................................................3 <br />A. Business subsidies ................................................................. .................................................................... 3 <br />B. Financial assistance ............................................................... .................................................................... 4 <br />II. City development tools .......................................................... .....................................................................4 <br />A. General city development powers ......................................... .................................................................... 4 <br />B. Housing and redevelopment authorities ................................ .................................................................... 5 <br />C. Economic development authorities ....................................... .................................................................... 9 <br />D. Port authorities ....................................................................... .................................................................. 10 <br />E. Municipal or area redevelopment agencies ........................... .................................................................. 11 <br />F. City development districts ..................................................... .................................................................. 11 <br />G. City industrial development ................................................... .................................................................. 12 <br />III. Other development strategies ................................................ ...................................................................13 <br />A. Housing bonds ....................................................................... .................................................................. 13 <br />B. Industrial parks ...................................................................... .................................................................. 13 <br />C. Industrial revenue bonds ........................................................ .................................................................. 14 <br />D. Commercial rehabilitation ..................................................... .................................................................. 14 <br />E. Tax increment financing (TIF) .............................................. .................................................................. 14 <br />F. Property tax abatement .......................................................... .................................................................. 17 <br />IV. State-sponsored development tools ....................................... ...................................................................18 <br />A. Minnesota Housing Finance Agency ..................................... .................................................................. 18 <br />B. Department of Employment and Economic Development (DEED) ........................................................ 18 <br />C. Enterprise Minnesota ............................................................. .................................................................. 20 <br />D. E-commerce ready cities ....................................................... .................................................................. 20 <br />E. Corporations .......................................................................... .................................................................. 20 <br />V. Federal development tools ..................................................... ...................................................................20 <br />A. Community development block grants .................................. .................................................................. 20 <br />B. Rural development grants ...................................................... .................................................................. 20 <br />VI. How this chapter applies to home rule charter cities ............. ...................................................................21 <br />HANDBOOK FOR MINNESOTA CITIES <br />1 s:l <br />This chapter last revised 12/2010 <br />