Minnesota § 469.094 TRANSFER OF AUTHORITY

Minnesota Statutes

§ 469.094 — TRANSFER OF AUTHORITY

Minnesota § 469.094

PartLOCAL ECONOMIC DEVELOPMENT

Ch. 469ECONOMIC DEVELOPMENT

This text of Minnesota § 469.094 (TRANSFER OF AUTHORITY) is published on Counsel Stack Legal Research, covering Minnesota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Minn. Stat. § 469.094 (2026).

Text

Subdivision 1.Economic development, housing, redevelopment powers.
The city may, by ordinance, divide the economic development, housing, and redevelopment powers granted under sections469.001to469.047and469.090to469.108between the economic development authority and any other authority or commission established under statute or city charter for economic development, housing, or redevelopment as provided in subdivision 2.

Subd. 2.Project control, authority, operation.
The city may, by resolution, transfer the control, authority, and operation of any project as defined in section469.174, subdivision 8, or any other program or project authorized by sections469.001to469.047or469.124to469.133located within the city, from the governmental agency or subdivision that established the project to th

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Subdivision 1.Economic development, housing, redevelopment powers.
The city may, by ordinance, divide the economic development, housing, and redevelopment powers granted under sections469.001to469.047and469.090to469.108between the economic development authority and any other authority or commission established under statute or city charter for economic development, housing, or redevelopment as provided in subdivision 2.

Subd. 2.Project control, authority, operation.
The city may, by resolution, transfer the control, authority, and operation of any project as defined in section469.174, subdivision 8, or any other program or project authorized by sections469.001to469.047or469.124to469.133located within the city, from the governmental agency or subdivision that established the project to the economic development authority. The city council may also require acceptance of control, authority, and operation of the project by the economic development authority. The economic development authority may exercise all of the powers that the governmental unit establishing the project could exercise with respect to the project.
When a project or program is transferred to the economic development authority, the authority shall covenant and pledge to perform the terms, conditions, and covenants of the bond indenture or other agreements executed for the security of any bonds issued by the governmental subdivision that initiated the project or program. The economic development authority may exercise all of the powers necessary to perform the terms, conditions, and covenants of any indenture or other agreements executed for the security of the bonds and shall become obligated on the bonds when the project or program is transferred as provided in this subdivision.
If the city transfers a housing project or a housing development project to the economic development authority, the city must transfer all housing development and management powers relating to that specific project to the authority.

Subd. 3.Transfer of personnel.
Notwithstanding any other law or charter provision to the contrary, the city council may, by resolution, place any employees of the housing and redevelopment authority under the direction, supervision, or control of the economic development authority. The placement of any employees under the direction, supervision, or control of the economic development authority does not affect the rights of any employees of the housing and redevelopment authority, including any rights existing under a collective bargaining agreement or fringe benefit plan. The employees shall become employees of the economic development authority.