SF 3619

as introduced - 84th Legislature (2005 - 2006) Posted on 12/15/2009 12:00am

A bill for an act
relating to the city of Hibbing; dissolving the Hibbing Area Redevelopment
Agency; transferring the assets of the Hibbing Area Redevelopment Agency to
the Hibbing Economic Development Authority; providing for the assumption of
debts and obligations.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

Section 1. new text begin DISSOLUTION AND DISCONTINUANCE OF HIBBING AREA
REDEVELOPMENT AGENCY.
new text end

new text begin The Hibbing Area Redevelopment Agency is dissolved and discontinued.
new text end

Sec. 2. new text begin TRANSFER OF ASSETS.
new text end

new text begin The assets of the Hibbing Area Redevelopment Agency are transferred to the
Hibbing Economic Development Authority by deed signed by the president and secretary
of the Hibbing Area Redevelopment Agency.
new text end

Sec. 3. new text begin ASSUMPTION OF DEBTS AND OBLIGATIONS.
new text end

new text begin After acceptance of the deed, the Hibbing Economic Development Authority shall
assume any and all of the obligations and debts of the Hibbing Area Redevelopment
Agency.
new text end