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RELEVANT LINKS: <br /> In some instances, a city may need to consider notifying people or getting <br /> approval before making the purchase. Such situations include the following: <br /> Minn.Stat.§475.58,subd.1. • Bond issues. If the city will be issuing general obligation bonds for the <br /> purchase, it must hold a special election to get permission to borrow <br /> money. <br /> Minn.Stat.§462.356,subd. • Comprehensive plans. If the city has a comprehensive plan,the planning <br /> 2. <br /> commission must review the transaction to determine if it is consistent <br /> with the plan. <br /> Minn.Stat.§412.221,subd. • Contracts for deed. If a statutory city will be buying land using a contract <br /> 2.Also see Part I-I- <br /> Contractsfordeed. for deed,it must publish a resolution indicating the intent to purchase <br /> land. If voters submit a petition,the city must hold a special election to <br /> get permission to buy the land. <br /> Minn.Stat.§469.029,subd. • Lease or sale of HRA, EDA, or Port Authority land. A Housing and <br /> 2.Minn.Stat.§469.065, <br /> subd.2.Minn.Stat.§ Redevelopment Authority(HRA), Economic Development Authority <br /> 469.105,subd.2. (EDA), and some Port Authorities must hold a public hearing before <br /> selling or leasing most land. <br /> • Charter provisions. Some city charters may contain provisions restricting <br /> the council's authority to buy or sell land. <br /> These situations are discussed in further detail below. <br /> 1. Bond issues <br /> Minn.Stat.§475.58,subd. 1. If the city will be issuing general obligation bonds to raise money for the <br /> land purchase, it must hold a special election to get permission from the <br /> voters. This permission gives the city the ability to borrow money for the <br /> purchase. <br /> Minn.Stat.§475.52,subds. 1 Any statutory city may issue revenue bonds or other obligations for the <br /> and 2. <br /> acquisition of buildings,parks,playgrounds, stadiums, sewers, streets, and <br /> sidewalks. Home rule charter cities may also issue bonds for these purposes <br /> if not restricted by their charters. <br /> Minn.Stat.§469.060,subds. There are some limited circumstances where a Port Authority may issue <br /> 1 and 5. <br /> bonds with prior council approval. <br /> See LMC information memo, The League has a research memo that discusses special elections in further <br /> City Special Elections. <br /> detail, as well as information on municipal bonds. <br /> League of Minnesota Cities Information Memo: 1/22/2015 <br /> Purchase and Sale of Real Property Page 20 <br />