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MEMORANDUM <br /> TO: Elk River HRA Chair and Commissioners <br /> FROM: Andrea McDowell Poehler <br /> DATE: Friday, December 27, 2013 <br /> RE: Amendments to Municipal Housing and Redevelopment Act <br /> Background <br /> The bylaws for the HRA require an annual update of legislative changes to the Municipal <br /> Housing and Redevelopment Act, Minn. Stat. § 469.001 to § 469.047. There were no significant <br /> legislative changes to the Housing and Redevelopment Authority Act. Only two changes were <br /> adopted this past legislative session: <br /> • Minn. Stat. § 469.033, subd. 6 was amended to convert the levy limit for housing and <br /> redevelopment authorities from 0.0185 percent of taxable market value to the same <br /> percentage of estimated market value. This amendment took effect on May 24, 2013. <br /> • Minn. Stat. § 469.034, subd. 2 was amended to convert the limit on the issuance of <br /> general obligation HRA bonds from 0.5 percent of taxable market value to the same <br /> percentage of estimated market value. This amendment took effect on May 24, 2013. <br />