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SF 3619

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

KEY: stricken = removed, old language.
underscored = added, new language.
Version List Authors and Status
Rtf

Current Version - as introduced

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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. DISSOLUTION AND DISCONTINUANCE OF HIBBING AREA
REDEVELOPMENT AGENCY.

The Hibbing Area Redevelopment Agency is dissolved and discontinued.

Sec. 2. TRANSFER OF ASSETS.

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.

Sec. 3. ASSUMPTION OF DEBTS AND OBLIGATIONS.

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.