Subdivision 1. Establishment.
The Winona City Council may by resolution establish the
Port Authority of Winona.
Subd. 2. Port authority law applies.
apply to the Winona Port
Authority and to the city of Winona. The sections apply just as they apply to a port authority
established by section
, except a seaway port authority, and to the port authority's city,
except as otherwise provided in this section. For the Winona Port Authority, when "industrial"
is used in the context of industrial development district under sections
"industrial" or "industrial development" includes "economic" or "economic development."
469.056, subdivision 1
469.053, subdivision 6
, and the per meeting
payment provision of section
469.050, subdivision 5
, do not apply to the Winona Port Authority.
Subd. 3. City approval.
Action taken by the Winona Port Authority under section
469.059, subdivision 4
, must be approved by city council resolution to take effect.
Subd. 4. Staff; budget.
The city of Winona, by resolution of its city council, may provide
the port authority with personnel and staff, temporarily, provisionally, or permanently on terms
and conditions it considers appropriate. In the same way, the city may appropriate and budget the
funds to administer the port authority as the city considers necessary and appropriate. The money
must be budgeted, used, and accounted for according to the charter and ordinances of the city.
Subd. 5. Marginal property.
A port authority's decision that property it seeks is marginal
is prima facie evidence in eminent domain proceedings that the property is
marginal. The decision must be made in a resolution. The resolution must state the characteristics
that the authority thinks makes the property marginal. The port authority resolution must then be
approved by city council resolution.
Subd. 6. Industrial development powers.
The port authority has the powers granted to port
authorities by sections
. The powers may be exercised within and outside its
corporate limits. The exercise of the powers is subject to approval by resolution of the city council.
Subd. 7. Bond interest.
Revenue bonds issued by the port authority may be negotiated and
sold at a price resulting in an average annual net interest rate on the bonds of not more than seven
percent per year computed to the stated maturities.
Subd. 8. No assessments; improvement districts.
The port authority must not levy special
assessments or establish local improvement districts. The city of Winona, or its port authority
with the approval by resolution of the city council, may exercise the powers in section
to acquire and to improve recreational land, buildings, and facilities within or outside their
Subd. 9. Surplus funds.
On or before October 15 in each year the port authority shall report
to the city council the amount of surplus funds that are in its judgment available for transfer to
the sinking fund for any general obligation bonds of the authority, to reduce tax levies to pay the
bonds. The council shall then decide by resolution what amount to transfer.
Subd. 10. Wisconsin real property.
The port authority may purchase or lease real property
in Wisconsin for barge fleeting or for recreation activities or for both.
Subd. 11. Transfer of city property to port.
The city of Winona may transfer, with or
without consideration and on other terms the city council considers desirable, its interest in any
real property, including fee title, to the port authority of Winona. The transfer must be authorized
by ordinance. The ordinance must contain the following:
(1) the general location and the specific legal description of the property;
(2) a finding by the city council that the real property is marginal under section
supported by reference to one or more of the conditions listed in section
469.048, subdivision 5
(3) a statement as to the consideration, or absence of it, to be received by the city at the
time of transfer; and
(4) other information considered appropriate by the city council.
A conveyance of fee title under this subdivision must be by quitclaim deed.
History: 1987 c 291 s 90