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CHAPTER 15 INFORMATION <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 ..................................................................................................2 <br />A. Business subsidies .................................................................................................................................... . 2 <br />B. Financial assistance .................................................................................................................................. . 3 <br />II. City development tools ............................................................................................................................. ..3 <br />A. General city development powers ............................................................................................................ . 3 <br />B. Housing and redevelopment authorities ................................................................................................... . 4 <br />C. Economic development authorities .......................................................................................................... . 8 <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 ...................................................................................................................12 <br />A. Housing bonds ......................................................................................................................................... 12 <br />B. Industrial parks ........................................................................................................................................ 13 <br />C. Industrial revenue bonds .......................................................................................................................... 13 <br />D. Commercial rehabilitation ....................................................................................................................... 14 <br />E. Tax increment financing (TIF) ................................................................................................................ 14 <br />F. Property tax abatement ............................................................................................................................ 17 <br />IV. State-sponsored development tools ......................................................................................................... .17 <br />A. Minnesota Housing Finance Agency ....................................................................................................... 17 <br />B. Department of Employment and Economic Development (DEED) ........................................................ 18 <br />C. Enterprise Minnesota ............................................................................................................................... 19 <br />D. E-commerce ready cities ......................................................................................................................... 19 <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 ............................................................................... .20 <br />HANDBOOK FOR MINNESOTA CTTIES 15:1 <br />This chapter last revised 12/1/2011 <br />