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253144 ORIGINAL TO CITY CLBRK � ��.�`3 CITY OF ST. PAUL H�UNCIL NO. OFFICE OF THE CITY CLERK COUNCIL RESOLUTION-GENERAL FORM PRESENTED BY COMMISSIONE ATF RESOLVED� That the Council of the City of Saint_ Paul hereby approves : ��A bill for an act relating to port authorities ; amending Minnesota Statutes �96g, Sections 458.09, Subdivision 2; 458 . 16, Subdivisions 3, 4, and 5; 458 . 191, Subdivisions 1 and 2; 458. 192; 458 . i93, Subdivisions 1 and 6; 458. 194, Subdivisions 1 and 3; 458 . 195; 458. 196, Subdivisions 1 and 6; 458 . 197 ; 458. 199; 458. 1991; amending Minnesota Statutes i96g, Chapter 458 , by adding a section; repealing Laws 1963, Chapter 254. " and recommends the same to the Ramsey County Senate and House delegations . �ORM APPROVED. 7\ o��.�0-�'6 � �d�..'l�._�,ti, Asst. Corporation Cou?tisel � MAR i S 1971 COUNCILMEN Adopted by the Councii 19— Yeas Nays � But�er MAR 18 1971 Carlson ve� 19— Levine � Tn Favor Meredith Sprafka � Mayor A gainst �e'scv� Mr. President, McCarty MAR 2 0 1911 r?UBLISHED �� ,.{�,. � . � � ` } , � , _ . �_. ..:.�_____ _ ��a� � � �� A bill for an act relating to port authorities ; amending Minnesota Statutes 1969 , Sections �-158. 09, Subdivision 2; 458 . 16, Subdivisions 3, � , and 5 ; 458 . 1g1, Sub divisions 1 and 2; �+58 . 192; 458 •193 , Subdivisions 1 and 6 ; 458 . 1g�+ , Subdivisions 1 and 3; �►58 . 195� �458 , 1g6, Subdivisions 1 and 6 ; 458 . 197; 1}5g , 1gg ; �}58 . 19q1; amending Minnesota � Statutes 1969 , Chapter �-458 , by adding a section; repealing Laws 1g63, Chapter 254 . BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: Section 1. Minnesota Statutes 1.969, Sec�tion 458 .09, Sub division 2, is amended to read: Subd. 2 . Any port authority , created and e�isting pursuant to this section, the membership of which has been appointed under Minnesota Statutes , Section �l5B .10, Subdivision l, shall have jurisdiction and shall be empowered to exercise and apply any and all of its po�rers and duties , as defined in sections 458. 09 to ��=�99� �458 .1992, at any place or places within the entire geographical area included within the boundary limits of the city of the first class in which said port authority is located, and said area of operations shall be known and described as the port di_strict . In addition thereto such ort authority located in the metropolitan area, as defined in Minnesota Statutes Section �73c . 02 arid 'che 7 �overning b ody of any other municipality located in su�ch a ; , � � , � ' . '_ 4 �� s. , � � � , s I >� �,._ metropolitan area may, by agreement, provide for such port _____- authority to perform within_any geographic area in the inunicipality, the legal description of ��rhich shall be deter- mined by the agreement, any and a1_1 of the functions and services such port authority may perform z�ithin the port district; provided that such port authority a,nd the govern- ing body of the municipality and of the city of the first class for which the port authority was created jointly find that such agreement will be of common benefit to the municipality, the port authority and such city of the first class in a manner consisten�t with the purposes and objects of sections �-58. 09 to 458. 1a92. For the purpose of per. form- ing such functions and services the port authority sha.11 be empowered to exercise and apply any a.nd all of its po��rers and duties, as defined in sections ��5�3. 09 to 458. 1992, at any place or places within such area with the same force and effect as if such a,rea were located within the port district, includin� but not limited to the potaer to issue bonds or notes for the purposes described in and in accordance with sections �-58. 193 and 458. 1g4, as the case may be. Such municipality maY f or the purpose of making and implementing such agreement, exercise and apply, in t addition to the powers and duties assigned to such a � � " munici ality by 1at•r or charter, the same powers and duties P � such city of the firs�; class is authorized to exercise and , -2- _ _ � � , � ` _ � f ` � �:,.... . � .. . . .. . . . .. .. .. . . . . .. applv under sections 458. 15 and �458.16, arid the sarrie �o��rers . .. .. . . . . .... ... .. . .. .. .. and �duties such port auth;orlty is auth:orized to exercise ,--�---�— arid �apply urider "sect�ion �458.�191} . I�ri addztiori such _ .:.. .. .. .. ..... _ municipality may issue general obli.gat;i:on bonds i,n .. .. .. .. ... ... .. .. .. .. .. .. .. accordarice with tYie �rovisions of Miriries�ota Sta�Lu"tes , Chapter �175, for any of the purposes for whicFi general obligation bords may be issued pursuant to Mi�ririesota . .. _. . Statutes ,' Sec'tion �-458 . 193 . The power to lease property which the port authority , in its di�cre�;ion, believes suitable and proper to be put to use by the port authority in the execution of �.ts duties and . responsibilities is r.a� to be deemed limited to said port dis�rict, but the port authori.ty shall have the power to lease such property either within or without said port district for such purpose . Sec . 2. I�Iinnesota Statutes 1969, Section 458. 16, Subdivision 3, is amended by deleting said subdivision and inserting in lieu thereof the following: _ Subd. 3 . � Any such port author�:ty as is hereby _ _ _ created arid existing urider the p�ov�s�ons of secti�ons . _ .. . .. . . .. .. . .. .... . �185 . 09 to �58• 1992 �ri th:e c�;ty of St . Paul may� plari for� .. _ . _ . .. .. _ .. .. .. .. . .. .. . . . .. , acquire by condemnation, purchase oz otherv�ri:se, construct, �.m�rove? operate, direc�lyT, by lease or other��trzse, and . .. _ .. . _ .. .. .. .... mainta�n parks arid otner recreation fac-ilities alo7�g _ _ . . . . _ � riavigab le rivers and lakes within its port district�,' �on --3-- �.. � t , . . . . . .. � : ,rt��s ` � ` � � # . � d .. .. . .. .. . . .. . . .. .. .. . . .. - lands abutting thereon, and at any other place or . _ . _ . .. .. .. . .. . . . .. .. �laces wi.:thiri the �ort di.strict` arid� sh�a11 establisi2 ... . . .. .. .. . .... .. .. .. .. .. .. . . .. _. .. .. .. .. .. .. . .. .. ..�.: regulations c�ontrol�l�i�ng t'�_e use� `o�' such� rzvers , lakes , _ .. .. .. _ .. .. . . .. � �arks , and recreati:on facilities ezther alone as such �ort author�.�ty a ar in cooperat�on w�ith' `tfie United States `government or i�s 'agencies , the 'city� of St. _ .. .. .. .. .. .. .. .:. .. .. .. .. . Paul, the state of T�Tinriesota and any agency or political _ . . . .. .. .. ... .. . .. .. .. .. . .. .. subdivisiori thereof. Such port authority shall not have police po�,rer except as provided by this subdivision, nor shall it take larids owned, coritrolled, or used � the city of St . Paul without conserit of t�e governing _ _ .. .... .. _ .. body thereof; but for all other recrea�iori purposes the port authority shall have jurisdiction over the use of all such navigable rivers or lakes and all such parks and recreatiori facilities . Such port authority is hereby authorized _3A_ , ��; ` �, � . � - � ,� $ � �_:._ . to expend port authority moneys in order to carry out the powers and purposes set forth in this subdivision and to issue bonds therefor in accordance with the provisions of section �58. 193 or 458. 1gL�, as the case may be. Sec. 3. Minnesota Statutes lg6g, Section �-58. 16, Subdivision �, is amerlded to read: Subd. �-. Any port authority operating under the provisions hereof and also under the provisions of Minnesota Statutes, Sections �-58. 1g1 to �+��:��99� �58. 1992 inclusive shall be authorized to deposit al1 funds and income accruing to it from any source whatsoever, whether it be the opera�Lion of the said port au�hority under the provisions of this act or its operations under Minnesota Statutes, Sections �+58. 1g to �+�8.-�99� �+58. Zgg2, in a single bank account in a banking depository autho.rized by law. Sec. 4. Minnesota Statutes Zg69, Section �58. 16, Subdivision 5, is amended to read: . Subd. 5. In furtherance of any of its authorized purposes any port authority or any seaway port authority may in its discretion provide for membership in any . -�F- t,._- � ` { . < � � ` } t t t.. official, industrial, commercial, or trade association, or any other organization concerned with such purposes, for receptions of officials or others as may contribute to the advancement of the port district and any ��s��a�. economic development therein, and for such other public relation activities as will promote the same, and such activities shall be considered a public purpose. � Sec. 5. The title of Minnesota Statutes Zg69, Section �-58. 191, is amended to read: 459, 191 ��F��'�g�f�� ECONO�YIIC DEVELOPMENT � DISTRICTS.7 Sec. 6. Minnesota Statutes 1�6�a Section 458. 191, Subdivision l, is amended to read: Subdivision l. The port authority of any port district created and existing under section �-4�58. 10, subdivisions 1 or 2 may, after a public hearing thereon of which at least ten days notice shall be published in a daily newspaper of general circula�;ion in the port district, create ��s��a� economic development districts within the port district and define the boundaries thereof if it f.inds that the creation of such development district or districts is proper and desirable in establishing and developing a system of harbor and river improvements and ��.d�a��a�:-de�e�e�r�e��s-}�-eae�-�e�=� �}s��}e� promotin� economic deve].opment in the port -5- __� _ g ` �I . � � . district. Sec . 7 . Minnesota Statutes 1g69, Section �458 . 191, Subdivision 2, is amended to read: Subd . 2 . It is hereby declared to be the public policy of the legislature of the state of Minnesota that it is in the public interest to empower the port authority to employ the power of eminent domain, and for such port authority to advance and expend public moneys for the purposes contained in �a�s-�9��;-6�a��e�-g��- sections 458 .09 to �-158 •1992, and to provide for means by which marginal area properties may be developed or redeveloped a in accordance with the legislative policies hereinafter stated. (1) A sound development of the economic security of the peoples of the city of the first class in which is situated such port authority is dependent upon proper development and redevelopment of marginal properties , and the general welfare of the inhabitants of the port districts in which they exist require the remedying of such injurious conditions to which marginal properties are now subject; and � (2) The development and redevelopment of such marginal area properties cannot be accomplished by private enterprise alone without public participation " and assistance in the acquisition of land and planning -6- � _ � , � R . �� . � , � � � � and in the financing of land assembly in the work of clearance, development and redevelopment, and in the making of improvements necessary therefor. (3 ) To protect and promote sound development and redevelopment of marginal lands as hereinafter defined, and the general welfare of the inhabitants of the port districts in which they exist, to remedying such injurious � conditions through the ernployment of all appropriate means . ( �4) That whenever the development or redevelopment of such marginal lands cannot be accomplished by private enterprise alone, without public participatiBn and assistance in the acquisition of land and planning and in financing of land assembly in the work of clearance, development and redevelopment, and in the making of improvements necessary therefor, it is in the public interest to employ the povaer of eminent domain, to advance and expend public moneys for those purposes, and to provide for means by which such marginal lands may be developed or redeveloped. (5) That the development or redevelopment of such margi_nal lands and the provision of appropriate continuing land use constitute public uses and purposes for tiahich public moneys may be advanced or expended . and private property acquired, and are governmental functions and are of state concern in the interest _7_ i i ; 6 ,' . . "._"_' .}.- . P � �. - � , { . � �_. _ of health, safety and welfare of the peoples of the state of Minnesota and of the communities in which such areas exist . (6 ) That the necessity in the public interest for the provision of ��as-�g�,�;-Gl�a}��e�-��; sec��.ons a�58. 09 to �458 . 1992, is declared to be a matter of legislative determination. � Sec . 8 . Minnesota Statutes Zg69 , Section 458. 192, is amended to read: �158, 192 [ADDITIONAL pOWERS . ] Subdivision 1. In � addition to all powers conferred on such port authority under Minnesota Statutes , Sections �158009 to �{58 . 19, such port authority, to accomplish the purposes set f orth in subdivision 1 of section 1-158 . 191, shall have such additional powers as hereinafter described in subdivisions 2 through 10 of this section. Sub d. 2 . It may acquire by lease, purchase, gift, devise, or condemnation proceedings all necessary right, title and interest in and to lands and buildings required for the purposes contemplated in the creation of such ��d��a� economic development districts and pay therefor out of funds obtained by it as hereinafter provided, and hold and dispose of the same subject to the limitations � and conditions herein prescribed. Title to any such property acquired by conc�emnation or purchase shall be . —8— ° � . . � .'a''�. � � . k P . � a � � �,.__.: in fee simple, absolute, but any such real or personal property or interest therein otherwise acquired may be so acqui red or accepted subject to any condition which may be imposed thereon by the grantor or donor and agreed to by the port authority not inconsistent with the proper use of such property for the purposes herein provided. Any properties , real or personal, acquired, owned, leased, controlled, used or occupied by the port authority for any of the purposes of this section are declared to be acquired, owned, leased, controlled, used and occupied for public governm.ental and municipal purposes and shall be exempt from taxation by the state or any of its political subdivisions . Such exemption from taxation applies only when the port authority holds property for its own �urpose . When property is sold, this exemption from taxation shall not apply , and the property shall be returned for taxation to the tax rolls . Such port authority shall have the power to execute options for purchase , sale or lease of property . Sub d. 3 . It may exercise the right of eminent domain in the manner provided by Minnesota Statutes , Chapter 117 , or under the provisions of the home rule charter of the city in which said port authority is located for the � -9- . �. __ t� . � _ � � . { 1 � � �__ purpose of acquiring any property which it is authorized to acquire by condemnation. The fact that the property so needed has been acquired by the o�aner under eminent domain or is already devoted to a public use shall not prevent its acquisition by such port authority by the exercise of the right of eminent domain, provided that the acquisition of such sites and property has tYie approval and ratification of the governing body of the city in which said port authority is located. The port authority may take possession of any such property so to be acquired at any time after the filing of �he petition describing the same in condemnation proceedingse It shall rlot be precluded from abandoning the condemnation of any such property in any case where possession thereof has not been taken. - Subd. �# . It may contract and be contracted with in any matter connected with the purpose of ��a� economic development within the powers of the port authority herein given. Subd. 5 . It may acquire rights or easements for terms of years or perpetually to accomplish the purpose of such }�a��a�-��e��i economic development . Subd. 6 . It may purchase all supplies and materials necessary in carrying out the purposes of this sectione Subd . 7 . It may accept from the United States of -10- F. __. � : . � , � � � � � . r � .�. >_ _ America or state of Minnesota or any of their agencies or any local subdivision of government under the state of Minnesota, land, moneys or other assistance, �ahether by gift , loan or othercaise , for the purpose of carrying out the purposes of ba�6-e�-�9�=�;-�l�a}a�e�-8��; sections 458 .09 to �458 . 1992, and of acquiring and developing }��a� economic development districts and facilities � as contemplated herein. Subd . 8. Such port authority , in connection with acquisition of land for and the development of ��a� economic development districts , may exercise °all the powers of governmental subdivisions within the meaning of Minnesota Statutes , Section 282 .01, and pursuant thereto shall have all the powers similar to the city of the first class in which it is located to acquire, by any means provided by law, lands forfeited for non-payment of taxes to the state of Minnesota. Subdo 9 . It is hereby declared that the purposes of �av�e-�9��;-61�a��e�-��; sections i-158 . 09 to �158 . 1992, in the pro�ram herein set out for the creation and development of }��#��a� economic development districts is in the public interest, and Lo implement the program, it is essential that tax-forfeited lands , the title to which has vested in the state of P�Iinnesota, be conveyed to such port authority for a nominal consideration of -11- , � ( . . . � `......» ... � . . � . . . �q��Y R�. ♦ � � � I �p 1 . � $1 per tract for use and subsequent resale as found expedient by such port authority in furtherance of the purpose of �av�s-�}��;-Sl�a��e�-�� .- Sections 1458. 09 to �+58 . 1992 . It is declared that any proposed resale of ��l�s��a� economic development lands to private parties, or the use in any manner thereof by such port authority in the way of � ��s��a� economic development, requires that such port authority acquire title to all lands within the area of the }��s��a� economic development district free and � clear of any possibility of reverter to or right of re-entry by the state of P�7innesota, for the reasons or under the circustances set forth in Minnesota Statutes , Section 282 .01, Subdivision 1 . The commissioner of taxation of the state of Minnesota is authorized and shall convey to any such port authority parcels of tax-forfeited lands in such ��a� economic development district , petition for the conveyance of which has been made to such commissioner under the provisior�s of ��.�a�-�9��;-��a��e�-��; Sections 458 . 09 to 458 . 1992, upon payment by such port authority of the nominal consideration of $1 for each tracL of land so acquired. . Any such deed of conveyance shall be upon a form approved by the� attorney general and shall convey to any � -12- �. _ • �. � I . ; � �, such port authority an absolute title to such tract or tracts of land, subject only �o the reservation of minerals and mineral rights, pursuant to Minnesota Statutes, Section 282. 12; such deed� of conveyance sha11 not contain any condition or other provision with reference to the use to which the premises shall be put, and by such conveyance the state of I�Iinnesota shall be divested of any and all further right, title, claim or interest in and to such tracts, subject, however,' to the mineral reservation hereinabove re�'erred to. « Subd. 10. Such port authority shall have the authority to sell or lease the land held by it for river, harbor or ��a�s��a� economic developmerzt in ��tts��a� economic development districts . It may, ii' proper in the public interest, acquire, construct, reconstruct, improve or extend suitable buildings or structures upon any land owned by it and, if deemed necessary for the purposes to be served by such buildings � and structures, it may install or furnish capital equipment to be located permanently or used exclusively on such lands or in such buildings all for the purpose of leasing or selling the same to private persons in the further ��t�s��.� economic developmen� of such ��K��a� economic development district. I� may exercise its authority, herein _13_ g � � - . " . � �... . . � � . .. � . . . °M+. , � ` �S` F ` [ ��....... . given, to the acquisition, development, sale or lease of single or multiple tracts of land to be developed, irrespective of size, l�a��g-��-��-��a�-��e-��ese-e� �aws-�9��;-Sl�a��e�-��;-��-��e-��d�s��a� for the purpose of promoting the economic development of the district . Sec. g . Minnesota Statutes lg6g, Section �158 . 193, Subdivision 1, is amended to read: Subdivision 1. In anticipation of the receipt by the port authority of payments , appropria�;ions , rents and profits and of income from any other source and for the purpose o#' securing funds as needed by such port authority for the payment of the cost of property acquired and for other purposes as herein authorized, the port authority is hereby authorized to issue bonds in such principal amount as shall be authorized by the governing body of the city of the first class in which such port authority is situated . Such bonds shall be in such amount and form and bear interest at such rate as the said governing body of such city of the first class shall prescribe and shall be sold by such port authority to the highest bidder therefor after notice of the time and place for the receiving of the bids has been published once at least two weeks prior to the date of receiving bids . Except as otherwise provided in �a��-�9��;-�l�a�#�e�-8��; Sections 1158 .Og to �15� . 1992, the issuance of the bonds herein -14- #_ �z:. ~ 4 � . � .� .. authorized by such port authority shall be governed by provisions of Minnesota Statutes, Chapter 475, and such port authority when issuing such bonds shall be deemed to be embraced within the meaning of the term "murlicipal corporation" as said term is used in Minnesota Statutes , Chapter �75 • Notwithstanding any provision to the contrary included within Lhe charter of any such city . or any general or special law of the state of Minnesota, such bonds may be issued and sold without submission of the question thereof to the electors of such city of the first class, provided, however, that the ord�nance of the governing b ody of such city authorizing issuance of such b onds by such port authority shall be subject to any provisions in the charter of such city pertaining to the procedure for referendum of ord�_nances enacted by such governing body . Any such bonds issued by any such port authority of any such city of the first class shall not be included in computing the net indebtedness of such cif,y of the fiz°st class under any applicable law or charter provision. The receipt and expenditure of any moneys . received hereunder shall not be included within the definition of any limitation imposed or per capita taxing or spending in the charter of any such city of the first '� class, and such exemption from such limitation shall apply � to such port authority . The taxing powers granted to ; � cities of the first class in connection with �a�e-�9��; � -15- � x: .. . � � � � � { t 8�a��e�-��; Sections �458 .09 to 458 . 1992, in any manner shall be in addition to all taxing powers now possessed by them. Sec . 11 . Minnesota Statutes 1969, Section 458 . 193, Subdivision 6, is amended to read: Subd. 6 . Bonds legally issued pursuant to �a��-�9��; G�a��e�-��; Sections 458 . 09 to �58. 1992, shall be deemed � authorized as securities within the provisions of Minnesota Statutes , Section 50 .14, and shall be proper for the investment therein by any savings bank or trust company, insurance company, or sinking funds held by �.ny public or municipal corporation, and may be pledged by any bank or trust company as security for the deposit of public moneys therein in lieu of surety bonds . Such b onds shall be deemed and treated as instrumentalities of a public governmental agency and as such, exempt from taxation. Sec , 12 . Minnesota Statutes 1969 , Section 458. 19�4 , Subdivision l, is amended to read: Subdivision l. The authority is hereby authorized and empowered to provide by resolution for the issuance at one time , or in series from time to time, of revenue bonds of the authority for the purpose of providing funds � for paying the cost of the acquisition of land necessa.ry F � _ for the operations of 'che port authority, for the purchase, i construction, i'nstallaLion or furnishing of capital i ,� ; -16- , � i ; S ' � . . $. .... �. : � ; , i . � ; � t a._ equipment and operation of any port or ��s��a� econcmic development facilities , including but not limited to docks, wharves , warehouses , piers , factories, plants , workshops, office buildings and any other port, terminal, transportation or commercial or industrial �ae}�� facilities within its jurisdiction, or for paying the cost of any extensions , enlargements or improvements . of any project under control of the authority . Revenue bonds issued by the authority may include such amount as deemed necessary to establish an initial reserve for . payment of principal and interest of the b onds and to pay any prem.ium on insurance taken out to secure payinent of all or part of such princi_pal and interest . Such bonds , and any interest coupons to be attached thereto, shall be executed in such manner as may be dete.rmined by resolution of the port authority . Sec . 13 . Minnesota Statutes 1969, Section �-158. 19�1 , Subdivision 3, is amended to read: Subd . 3 . The sale of such revenue bonds issued by the port authority shall be at public sale pursuant to section 475060, or in accordance with the procedures set forth in sections �474 .01 to 47�1 . 13. Such bonds may be sold in the manner and for the price that the port authority determines to be for the best interest of the port authority, b ut no such sale shall be made at a price so low � � _17_ � • ��. �' . � • t �� t � i `, a._. as to �e��}�e-��e-�a��e��-e�-��#�e�e��-e�-��e-�e�e�-�eee��e�i �fie�e�e�-a�-�e�e-�l�a�-e}��-�e�+ee��-�e�-a��;-ee�p�#�e�-�� e�a��e�-�e-�Y�e-a�se��e-�a��.��-a�-��e-�e��a-��-aeee��a�iee v��l�-s�a��a��-�ab�es-e€-�e�c�-�a��e�;-e�:e��d��g-��e�-�t�el� ee�p��a��e�-�l�e-a.�e��-e�-a��-��e��.�-�e-�e-�a��-e� �e�e�g��e�-e�-a��-�s�d�-��e�-�e-�a��3ti� cause the average annual rate of interest on the money received therefor to exceed eight percent ber annum, computed by adding the amount of �he discount to the total amount of interest payable on all obligations of the series to their stated maturity dates . Such bonds may be made callable, and if so issued may be refunded. Sec . 13. Minnesota Statutes 1'96g, Sections �+58 . 195� is amended to read: �}58 . 195 [ADDITIONAL P0�'ERS . 1 Subdivision l. A port authority shall have the further potiaer and authority to cooperate with or act as agent for the federal government, the state or any state public body or any agency or instrumentality of the foregoing, to carry out the purposes of bax��-�9��;-�l�a�#�e�-8��3 sections �158. Og to �158. 1gg2, or of any other related federal, state or local legislation operative within the area of river, harbor and ��i��a� economic development district improvement. Subd . 2 . Such port authority shall have the auth ority to carry out studies and analyses of the ��a� -18- q � • ��. . t � . € - � . � i economic development needs ��aithin its area of operation, and of ineeting those needs ; to study the desirable patterns for ��d�s��a� land use and community growth and other factors affecting ��e-�e�e?_e��e��-o�-�eea�-��s��}a� economic development within the district and make the result of these studies available to the public and industry in general; to eng�ge in research and disseminate � information on river, harbor and }��a� economic development within the port district . Subd . 3 . Each commissioner, including the chairman, shall be paid for attending meetings of the port authority, regular and special , $25 per meeting, the aggr. e�;ate of such payments to any one commissioner for any one year not to exceed $600 . Subd . �4. Such port authority shall have the power to hire and employ all personnel necessary to carry out its program and the responsibilities placed upon it by �a��-�}��;-��a��e�-��; sections 458 . Og to 458. 1992, including a chief engineer and a general counsel to serve the engineering and legal needs of such authority , the � latter to be the chief legal advisor to such authority . Subd . 5 . Such port authority shall have the power to accept conveyances of land from all other public . cor�orations or agencies , commissions or other units of government , inc'luding the Housing and Redevelopment -19- . � . : � . i � . , � . � .�.: Authority of the City of Saint Paul, the Metropolitan Council or any agency thereof and the Metropolitan Airports Commission of the State of Minnesota, if such can be properly utilized by such port authority in any river, harbor and ��s��a� economic development district, �o carry our the pur- poses oi' �a�s-�9��3-��a��e�-g�� sections 458. Og to 458. 1gg2. Subd. 6. It sriall have the pot�Ter in carryin� out . the pr•ovisions for which said }�.��u�a� economic development district has been created, to develop and improve the lands within such ��s��a� economic development district to make the sarne suital�le and available for �z��s��a� economic development uses and purposes; to dredge, bulkhead, fill, grade and pro�ect such property; to do any and all things necessa�ry after the acquisition of such property to put the said proper�,y in such conditi.on as is necessary and expedient to make it suitable and attractive as a�-��a� a tract for �r�dt�s��a� economic development thereon; to execu�e leases of such lands or property or any part thereof; to establish local improvement districts within such ��s#��a� economic development district which may, but need not be, coextensive with the boundaries thereof and generally to exercise, with respect to and within such ��c�r�s��}a� economic development dis�Lricts all the powers now or hereafter conferred by lati�r upon port authori_ties of cities -20- � . i . � � • i _ f � � � � F � � i of the first class . Subd. 7 . A port authority shall have the further power, after the authorization of bonds pursuant to section �458 .193 or section 458 • i9�+ , to provide funds immediately required for the purpose and not exceeding the amount of such bonds , by effecting temporary loans upon such terms as it shall by resolutior� determine, . evidenced by negotiable notes due in not exceeding 12 months from the date thereof, payable to the order of the lender or to bearer, to be repaid with interest from the proceeds of such bonds when issued and d�livered to the purchaser thereof. No such loan shall be obtained from any commissioner of the poz°t authority or from any corporation, association, or other institution of which a port authority commissioner is a stockholder or officer . Sec . 1�4 . Minnesota Statutes 1969 , Section 458 . 196, Subdivision l, is amended to read: Subdivision l. When a port authority deems it for the best interests of the district and the people thereof and in furtherance of its general plan of port improvement, or ��6��a� economic development, or b oth, it may sell and convey any property or part thereof owned by it within a port or ��d��a� economi_c district . This section shall not be limited by other laws pertaining to powers of port authorif;ies . � � � --21- i i s . �` � ` ' � � � � . � �_._ Sec . 15 . Minnesota Statutes 1g69, Section �158. 1g6, Subdivision 6 , is amended to read: Subd. 6 . All sales made in accordance vaith the provisions of this section shall have incorporated in the instrument of conveyance of title the conditions of sections �+58 .09 to �+�� .-�g9� 458 • 1992 relating to the use of the land as a covenant running �1ith the lands . Any violation of such covenant shall resul� in a right by the authority to declare a br°each of the covenant running with the land and seek a judicial . decree from the district court declarin_g a f�rfeiture and a cancellation oi any deed so given. Sece 16 . Minnesota Statutes lg6g , Section �+5�3 . 199, is amended to read: 458 .197 [ADVANCES OF MONEY BY PORT AU�i'��ORITY . ] Such port authority is hereby granted the povzer to advance its general fund momeys or credit, or both, without interest, to accomplish the objects and p urposes of sections �+58 , 191 to �+�8;�gg� 458 . 1gg2, which advances shall be repaid from the sale or lease, or both, of such developed or redeveloped lands , provided, if the money advanced for such development or redevelopment was obtained from the sale of general obligation b onds of the port authority, then such advances shall bear a rate of interest not less than the average �,nnual interest rate on general -22- . . . . . . � � 5�.'.'.. ♦ � � • �`i 4 � i L obligation bonds of the port auth ority which are outstanding at the time such advances are made . Nothing herein shall prevent the port authority from advancing the money so repaid for the accomplishment of further objects and purposes authori.zed by such laws, sub ject to repayment in the same manner . Nothing herein shall af�'ect or impair the obligation of the port authority to use rentals of . lands acquired with money so advanced to accumulate and maintain reserves securing the payment of principal and interest on revenue bonds issued to finance port or industrial facilities , when such ren�als shall have been pledged for this purpose in accordance with section �58 • 19� • Nothing herein shall require the reimbursement of advances made for the acquisition of lands and the construction of facilities for recreation purposes ��Yhen authorized by law. Nothing contained in . ��e-��e��a�e�s-e�-l��e�a�a-��a��es;-�9��; sections 458 .Og through �+��-�99� �158 . 1992, a�-a�e��e�; shall be construed as exempting lands leased from the port authority to a tenant or lessee who is a private person, association, or corporation from responsibility or liability fo� payment of assessment;s or taxes levied � or assessed against such leased pr. operty whenever such lease expressly provides that the tenant or lessee shall be liable for taxes or assessments levied or assessed -23- ,.�. . - . i - � � � x . � against such pro�erty. dur�ng the term of such lease or any exterision thereof. . Sec . 17. Minnesata Sta.tutes 1969, Secta.on �+58. 199, is am�rided to read: . �58 .199 [CITX OF FIRST CLASS MAY LEVY TAXES FOR BENEFIT OF PORT AUTHORITY . ] To enable such �ort authority efficiently and in the publ�c interest to carry out the aims and purposes of �a��-�9��;-��a��e�-$��; sections �458 ,09 to 458 . 1992 , in the creation and development of }�d��.� economic development districts as herein 0 provided, any such city of the first class in which such port authority has been created and is existing shall have the power, upon request of such port authority and in additi.on to all other powers now possessed thereby, and in addition to and in excess of any limitation upon the amount it is otherwise permitted by lava to levy as taxes, to levy taxes for the benefit of and for expenditure by such port authority, not exceeding in any one year an amount equal to 35/lOQ of one m�ll upon the dol]_ar o.f the assessed valuation thereo,f, u�on all the taxable �roperty in such city, excluding money and credits ; and any money levied for such purpose shall be paid over by the cour.ty treasurer to the trea�ux�er o#' the �ort ' au�hori�y .for expenditux�e r�y� it a� �.n its �ud�;ment best serves the public interest in the carrying on and the . ^2�^ Y ti . � • f « � i . � .E . execution o�' its duties in the creation and development of such industrial development da.sl:rzcts . The levy herein provided shall be in addition to that �rovided .for in I�Iinnesota Statutes , Section �458. 14 . , Sec . 18 . Minnesota Statutes 1g69 , Sect�.on �58•1991, is amerided to read: �58• 1991 (POWERS AS TO k'ORK, LABOR AND SUPPLIES . ] � The provisions of Section 15 of Chapter 3�-11, Lati�1s o�' the State of Minnesota for 1933, shall apply� to all construction ti�rork and every purchase of equipment, � supplies, or materials necessary in carrying out the provisions of �av��-�9��;-��a��e�-�� sectioris �158 . 09 to �158 . 1992. The powers there granted to, and the duties imposed upon the board of trustees of the corporation therein referred to are hereby granted to and imposed upon the members of any such port authority . The port authority is hereby given the power and authority to use � the facilities of the purchasing department of any city of the .first class in which such �ort authority is created and existin� in connection with consi;ruction v,Tork and every purchase of equ�pment, sup�lies or materi.als, .as such port authority sees �it to use such. fac�.lities . Sec . 19 . Ma.nnesota Statu�es 1959, Chapter �J58, is - amended by. adding a section to read; ' [�158. 1922] [REL��TTON TO T�7UNICIPIIL INDUSTRIAL -25- , � � ___ - - F . , . � t,�'�5.� f ♦ � • � � . 1 1 DEVELOPMENT ACT.7 Any nort authority created under the provisions of sections 1;-58. 09 to 458. 1�92 shall be empowered to exercise a,nd a.pply any and a11 of the pow�rs and duties assigned to redevelopment agencies pursuant to Minnesota Statutes, Chapter 1E71I-, in order to ftarther �.n�T of the bt:r�oses a.nd_oY�,i_ects of sections 1�58. 09 to �I-58. Zgg2. Such port authority shall a1_so be empowered to exercise and app_ly any and a11 of its pot�rers and duties set forth in sections ��58. 09 to �5�3, 1.992, in order to further tY?e purposes and policies set forth in P�Iinnesota Statutes, Chapter 1i-71I-. The poi�rers and duties provided for in this section shall be in addition and supplementa� to all the poti�aers and duties provided such por� authority under the provisions of sections ��58. 09 to �J�. 1�91 and lvlinnesota Statutes, Chapter Ll-74. Sec. 20. Laws 1g63, Chapter 25�I-, is repealed. -26-