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CHAPTER 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 15:1 <br /> This chapter last revised 12/2010 <br />