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CHAPTER 15 <br /> Minn.Stat.§469 012,subd.4. While HRAs have the legal authority to"do whatever is necessary and <br /> €4'llllll.�t34.4 409i 028. <br /> convenient"to implement redevelopment,they are subject to the ordinances <br /> and laws of the city. The city council must approve HRA plans before the <br /> housing and redevelopment authority may begin implementation. <br /> 6. HRA contracting <br /> Minn.Stat.§464.0 15.Minn. All HRA construction work and purchases of equipment, supplies or <br /> Stat.4 469.01.5 subd.I a. materials that involve expenditure of more than$100,000 must be <br /> competitively bid. An HRA(and a city)may also use the"best value <br /> alternative."There are limited exceptions to these requirements for <br /> emergencies and certain projects,such as parking ramps and certain public <br /> transit facilities. <br /> 7. HRA financing <br /> Minn.Stat.§§469.033 and Operating funds, capital improvements, and debt retirement expenses for <br /> 464.04. HRA projects may be financed by any one, or combination of,the following <br /> methods: <br /> • Federal grants. <br /> • Revenue bonds the HRA or local governing body sells. <br /> • General obligation bonds the local governing body sells. <br /> • Tax increments from redevelopment projects. <br /> • A hinted mill levy for redevelopment projects and planning activities. <br /> • A limited mill levy for informational and relocation services. <br /> Minn.Stat. A29.034,subd. 1. When an HRA issues bonds,the revenue generated must be used for the <br /> projects financed,or bond costs must be paid from income generated by <br /> designated projects. The law states that the principal and interest on bonds <br /> are payable exclusively from the income and revenues of the project <br /> financed with the proceeds of the bonds, or exclusively from the income and <br /> revenues of certain designated projects,whether or not they are financed in <br /> whole or in part with the proceeds of the bonds. <br /> 8. HRA certifications to state <br /> The following documents relating to the establishment and activities of local <br /> HRAs must go to the DEED commissioner: <br /> Minn.Stat.4 469.003,subds.4, • Resolution of need. <br /> 6. <br /> Minn.Stat.4 469.003.subd.7 . Certificates of appointment or reappointment of HRA corrnnissioners. <br /> • Project reports. <br /> • Applications for federal assistance. <br /> • Contracts with federal agencies. <br /> 15:8 LEAGUE OF MINNESOTA CITIES <br /> This chapter last revised 12/2010 <br />