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Presentation on P~oposcd Nminent Domain Legislation <br />Pcbmary 13, 2006 F.DA Mcering <br />Page 2 of 2 <br />SeIIate aUthOTS: <br />Senator Don Betzold, (DFL) District 51 (Blaine, Spring Lake Park, Fridley, area) <br />Senator Belanger, (R) District 40 (Bloomington area) <br />Senator Pogemillex, (DFL District 59 (Minneapolis area) <br />The status and recent versions of both bills axe attached. <br />In addition, as of March 2, 2006, the League informed staff that new eminent domain bills <br />have been introduced: House Files 3069 and 3113. The League also told staff that a newly <br />published report by the Fitch Rating Service provides some very interesting cautions fox <br />those seeking to restrict the use of eminent domain, particularly on a local unit of <br />government's credit quality. The complete report, titled "Beyond Kelo: Reactions, <br />Responses, and Credit Quality" is available online at <br />http:/iwww.fatchratu~gs.com/corporate ~report5/report franc cfni~r_~id==265888. <br />