2007 Minnesota Statutes

469.0722 LIMITATION OF POWERS.
    Subdivision 1. In this section. An enabling resolution may impose the limits listed in this
section on the actions of the port authority of Cannon Falls or Redwood Falls.
    Subd. 2. Not use specified powers. An enabling resolution may require that the port
authority must not use specified powers contained in chapters 458 and 462, or that the port
authority must not use powers without the prior approval of the city council.
    Subd. 3. Transfer reserves. An enabling resolution may require the port authority to
transfer a portion of the reserves generated by activities of the port authority that the city council
determines is not necessary for the successful operation of the port authority, to the city general
fund, to be used for any general purpose of the city. Reserves previously pledged by the port
authority must not be transferred.
    Subd. 4. Bond approval. An enabling resolution may require that the sale of bonds or
obligations other than general obligation tax supported bonds or obligations issued by the port
authority be approved by the city council before issuance.
    Subd. 5. Budget process. An enabling resolution may require that the port authority follow
the budget process for city departments as provided by the city and as implemented by the city
council and mayor.
    Subd. 6. Levy approval. An enabling resolution may require that the port authority must not
levy a tax for its benefit without approval of the city council.
    Subd. 7. Consistent with city plan. An enabling resolution may require that all official
actions of the port authority must be consistent with the adopted comprehensive plan of the city,
and official controls implementing the comprehensive plan.
    Subd. 8. Project approval. An enabling resolution may require that the port authority
submit to the city council for approval by resolution any proposed project as defined in section
469.174, subdivision 8.
    Subd. 9. Governmental relations. An enabling resolution may require that the port authority
submit all planned activities for influencing the action of any other governmental agency,
subdivision, or body to the city council for approval.
    Subd. 10. Administration; management. An enabling resolution may require that the port
authority submit its administrative structure and management practices to the city council for
approval.
    Subd. 11. Employee approval. An enabling resolution may require that the port authority
must not employ anyone without the approval of the city council.
    Subd. 12. Other limits. An enabling resolution may impose any other limit or control
established by the city council.
    Subd. 13. Modifications. An enabling resolution may be modified at any time, subject to
subdivision 16. A modification must be made according to the procedural requirements of section
469.0723.
    Subd. 14. Modification procedure. Each year, within 60 days of the anniversary date of
the first adoption of the enabling resolution, the port authority shall submit a report to the city
council stating whether and how it wishes the enabling resolution to be modified. Within 30 days
of receipt of the recommendation, the city council shall review the enabling resolution, consider
the recommendations of the port authority, and make any modification it considers appropriate. A
modification must be made according to the procedural requirements of section 469.0723. The
petition requirement does not limit the right of the port authority to petition the city council at
any time.
    Subd. 15. Council action conclusive. A determination by the city council that the limits
imposed under this section have been complied with by the port authority is conclusive.
    Subd. 16. Not to impair bonds, contracts. Limits imposed under this section must not be
applied in a manner that impairs the security of any bonds issued or contracts executed before
the limit is imposed. The city council must not modify any limit in effect at the time any bonds
or obligations are issued or contracts executed to the detriment of the holder of the bonds or
obligations or any contracting party.
History: 1988 c 702 s 18; 1989 c 209 art 2 s 1