Minnesota Session Laws - 1988, Regular Session

  

                         Laws of Minnesota 1988 

                        CHAPTER 516-H.F.No. 1224 
           An act relating to local government; permitting the 
          establishment of a joint economic development 
          authority in Cook county. 
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
    Section 1.  [COOK COUNTY AND GRAND MARAIS; JOINT ECONOMIC 
DEVELOPMENT AUTHORITY.] 
    A public body corporate and politic, to be known as the 
Cook county/Grand Marais joint economic development authority, 
is created, having all of the powers and duties of an economic 
development authority under Minnesota Statutes, sections 469.091 
to 469.108, except as otherwise provided in this act.  For the 
purposes of sections 1 to 6, "joint authority" means the Cook 
county/Grand Marais joint economic development authority.  For 
the purposes of applying Minnesota Statutes, sections 469.091 to 
469.108, to the joint authority, Cook county and Grand Marais 
have all of the powers and duties of a city, and the Cook county 
board and the Grand Marais city council have all of the powers 
and duties of a city council, except for bond issuance and tax 
levy purposes as otherwise provided in this act.  The joint 
authority may exercise all of the powers of an economic 
development authority, including those contained in Minnesota 
Statutes, section 469.101, within or without an economic 
development district. 
    Sec. 2.  [LIMITED PORT AUTHORITY POWERS.] 
    The joint authority may exercise the powers of a port 
authority under Minnesota Statutes, sections 469.058, and 
469.059, subdivision 12, together with the powers and duties of 
Minnesota Statutes, sections 469.091 to 469.108. 
    Sec. 3.  [AREA OF OPERATION.] 
     The area of operation of the joint authority shall include 
all of Cook county.  The Grand Marais city council must approve 
any project as defined in Minnesota Statutes, section 469.174, 
subdivision 8, and any economic development district as defined 
in Minnesota Statutes, section 469.101, if the project or 
economic development district includes real property within the 
boundaries of Grand Marais or includes real property owned by 
Grand Marais. 
    Sec. 4.  [COMMISSIONERS.] 
    Subdivision 1.  [APPOINTMENT, TERMS, VACANCIES.] The joint 
authority shall consist of seven commissioners, four to be 
appointed by the Cook county board and three by the Grand Marais 
city council.  Those initially appointed by the county shall 
serve terms of one, three, five and six years.  Those initially 
appointed by the city shall serve terms of two, four and six 
years.  Thereafter, commissioners shall be appointed for 
six-year terms, except as otherwise provided in this subdivision.
Vacancies during a term shall be filled for the unexpired term, 
in the manner in which the original appointment was made.  Cook 
county board members and Grand Marais city council members may 
serve as commissioners for terms that coincide with the terms of 
their respective elected offices.  All commissioners must be 
residents of Cook county. 
    Subd. 2.  [COMPENSATION, REIMBURSEMENT, REMOVAL.] A 
commissioner appointed by the Cook county board shall be 
compensated, reimbursed and removed for cause by the Cook county 
board in the manner provided in Minnesota Statutes, section 
469.095.  A commissioner appointed by the Grand Marais city 
council shall be compensated, reimbursed and removed for cause 
by the Grand Marais city council in the manner provided in 
Minnesota Statutes, section 469.095. 
    Sec. 5.  [GENERAL OBLIGATION BONDS.] 
    Subdivision 1.  [ISSUANCE.] The joint authority may issue 
general obligation bonds as provided in Minnesota Statutes, 
section 469.102.  If the bonds are secured by a pledge of the 
full faith and credit of Cook county and are not secured by a 
pledge of the full faith and credit of the city of Grand Marais, 
then for the purposes of applying section 469.102 to the 
issuance of the bonds by the joint authority, Cook county has 
all the powers and duties of a city and the Cook county board 
has all of the powers and duties of a city council.  If the 
bonds are secured by a pledge of the full faith and credit of 
the city of Grand Marais and are not secured by a pledge of the 
full faith and credit of Cook county, then for the purposes of 
applying section 469.102 to the issuance of the bonds by the 
joint authority, the city of Grand Marais has all of the powers 
and duties of a city and the Grand Marais city council has all 
of the powers and duties of a city council.  If the bonds are 
secured by a pledge of the full faith and credit of the city of 
Grand Marais and Cook county, then for the purposes of applying 
section 469.102 to the issuance of the bonds by the joint 
authority, Cook county has all of the powers and duties of a 
city and the Cook county board has all of the powers and duties 
of a city council and the city of Grand Marais has all of the 
powers and duties of a city and the Grand Marais city council 
has all of the powers and duties of a city council.  The 
issuance of general obligation bonds secured by a pledge of the 
full faith and credit of the city of Grand Marais and Cook 
county must be approved by a two-thirds majority of the Cook 
county board and must be approved by a two-thirds majority of 
the Grand Marais city council. 
    Subd. 2.  [NET DEBT.] If the Cook county board and the 
Grand Marais city council authorize the issuance of general 
obligation bonds by the joint authority which are secured by the 
full faith and credit of the city of Grand Marais and Cook 
county, any restriction on net debt under chapter 475 shall be 
divided between the city and the county in accordance with the 
ratio which the total assessed valuation of the city bears to 
the total assessed valuation of the county including the 
assessed valuation of the city. 
    Sec. 6.  [COOK COUNTY TAX LEVY.] 
    For the purposes of applying Minnesota Statutes, section 
469.107, to the joint authority, Cook county, to the exclusion 
of Grand Marais, has all of the powers and duties of a city and 
the Cook county board, to the exclusion of the Grand Marais city 
council, has all of the powers and duties of a city council. 
    Sec. 7.  [EFFECTIVE DATE.] 
    Sections 1 to 6 are effective the day after compliance by 
the governing bodies of Cook county and Grand Marais with 
Minnesota Statutes, section 645.021, subdivision 3. 
    Approved April 14, 1988