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CHAPTER 15 • Redevelopment plans. • Low rent public housing project and management plans. Minn.Stat.§?69.o1z. In addition,annual financial reports must go to the state auditor. 9. HRA federal certification In order for a local HRA to use federal Department of Housing and Urban Development(HUD) assistance programs,it must submit a transcript of organizational documents to the HUD area office. C. Economic development authorities 4699.star.§§Y69.o9c,to All cities and townships have authority from the state Legislature to create 2010 economic development authorities. The city may consolidate the economic 20 10 Minn.in g Mi ch.z8-,art.1: development authority EDA with an existing RA or the city may ant 25 ainendingvlinn.Star.�� p y( ) g y y � 469.1082,�ub L 5. the authority HRA powers. The city council may create an EDA by passing The Economic Development an enabling resolution. Before adopting the enabling resolution,the city Authorities Handbook.For a copy must first conduct a public hearing. The enabling resolution establishes a of this book,and for sample resolutions and by laws for an board of commissioners for the EDA.The city council can choose to serve EDA,contact the League's as the EDA board of commissioners or create a board composed of Resew li Depart:ne°tat(651) connnunity members. The mayor,with approval of the council, appoints the 281-1220 or(800)928-1122. commissioners. The board may consist of three,five or seven members who serve six-year terms. The board is subject to the open meeting law. 1. EDA levies Minn.star.§2-5.70. The typical EDA levy is different than the HRA levy discussed above. It is not a levy raised by the EDA—it is a levy set by a city at the request of the EDA. Basically,the city simply appropriates part of the money the city collects in the general city levy to the EDA. Because the EDA levy is part of Minn.Stat.§2-5.066. the city levy, it is not a"special levy"under state law and thus the EDA levy is subject to the city's overall levy limit. However,as noted above,many EDA-enabling resolutions adopt all the powers of an HRA. If so,the EDA may levy a separate tax or"HRA levy,"and then the EDA functions as a special taxing district as if it were an HRA and that levy is not subject to levy limits or to city debt limits. An EDA using the levy powers of an HRA is still limited to a levy no more than 0.0185 percent of the total taxable market value in the city. 2. EDA loans Minn.stat.§469.192. An EDA is authorized to make a loan to a business,a for-profit or nonprofit Minn.Stat.§§469«90 to organization, or an individual. Before taking an action or making a decision =;69.1082. which could substantially affect an EDA commissioner's or an employee's Minn.Stat.§469.098. financial interests or those of an organization with which the commissioner or an employee is associated, a commissioner or employee of an authority must comply with specific requirements to disclose the conflict and obtain prior approval. Failure to do so may result in criminal charges. HANDBOOK FOR MINNESOTA CITIES 15:9 This chapter last revised 12/2010