1.1 	A bill for an act
1.2 	relating to the city of Hibbing; dissolving the Hibbing Area Redevelopment 
1.3 	Agency; transferring the assets of the Hibbing Area Redevelopment Agency to 
1.4 	the Hibbing Economic Development Authority; providing for the assumption of 
1.5 	debts and obligations.
1.6 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.7 	Section 1. DISSOLUTION AND DISCONTINUANCE OF HIBBING AREA 
1.8 	REDEVELOPMENT AGENCY.
 1.9 	The Hibbing Area Redevelopment Agency is dissolved and discontinued.

1.10 	Sec. 2. TRANSFER OF ASSETS.
 1.11 	The assets of the Hibbing Area Redevelopment Agency are transferred to the 
1.12 	Hibbing Economic Development Authority by deed signed by the president and secretary 
1.13 	of the Hibbing Area Redevelopment Agency.

1.14 	Sec. 3. ASSUMPTION OF DEBTS AND OBLIGATIONS.
 1.15 	After acceptance of the deed, the Hibbing Economic Development Authority shall 
1.16 	assume any and all of the obligations and debts of the Hibbing Area Redevelopment 
1.17 	Agency.