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469.092 LIMIT OF POWERS.
    Subdivision 1. Resolution. The enabling resolution may impose the following limits upon
the actions of the authority:
(1) that the authority must not exercise any specified powers contained in sections 469.001 to
469.047, 469.090 to 469.108, and 469.124 to 469.134 or that the authority must not exercise any
powers without the prior approval of the city council;
(2) that, except when previously pledged by the authority, the city council may by resolution
require the authority to transfer any portion of the reserves generated by activities of the authority
that the city council determines is not necessary for the successful operation of the authority to
the debt service fund of the city, to be used solely to reduce tax levies for bonded indebtedness
of the city;
(3) that the sale of all bonds or obligations issued by the authority be approved by the city
council before issuance;
(4) that the authority follow the budget process for city departments as provided by the city
and as implemented by the city council and mayor;
(5) that all official actions of the authority must be consistent with the adopted comprehensive
plan of the city, and any official controls implementing the comprehensive plan;
(6) that the authority submit all planned activities for influencing the action of any other
governmental agency, subdivision, or body to the city council for approval;
(7) that the authority submit its administrative structure and management practices to the city
council for approval; and
(8) any other limitation or control established by the city council by the enabling resolution.
    Subd. 2. Modification of resolution. The enabling resolution may be modified at any
time, subject to subdivision 5, and provided that any modification is made in accordance with
this section.
    Subd. 3. Report on resolution. Without limiting the right of the authority to petition the city
council at any time, each year, within 60 days of the anniversary date of the first adoption of the
enabling resolution, the authority shall submit to the city council a report stating whether and how
the enabling resolution should be modified. Within 30 days of receipt of the recommendation, the
city council shall review the enabling resolution, consider the recommendations of the authority,
and make any modification it considers appropriate. Modifications must be made in accordance
with the procedural requirements of section 469.093.
    Subd. 4. Compliance. The city council's determination that the authority has complied with
the limitations imposed under this section is conclusive.
    Subd. 5. Limits; security. 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: 1987 c 291 s 93

Official Publication of the State of Minnesota
Revisor of Statutes