(A) Enabling authority.
(1) The Columbia Heights Economic Development Authority (CHEDA) is hereby established.
(2) The board of commissioners of the CHEDA shall consist of seven members, at least two but no more than five of whom must be members of the City Council. The members shall be appointed by the Mayor with approval of the City Council.
(3) Commissioners shall be appointed for initial terms of one, two, three, four and five years respectively, and two members for six years. Thereafter all commissioners shall be appointed for six- year terms. Notwithstanding the above provisions, the term of any commissioner who is a member of the City Council shall coincide with that member's term of office as a City Council member.
(4) A vacancy is created in the membership of the CHEDA when a City Council member of the board of commissioners ends Council membership. A vacancy for this or any other reason must be filled for a new term or the balance of the expired term, as the case may be, in the manner in which the original appointment was made.
(5) The following limits apply to the CHEDA and it operation:
(a) The sale of bonds or other obligations of the CHEDA must be approved by the City Council.
(b) The CHEDA must follow the budget process for city departments in accordance with city policies, ordinances and resolutions and the City Charter.
(c) Development and redevelopment actions of the CHEDA must be in conformance with the city comprehensive plan and official controls implementing the comprehensive plan.
(d) The CHEDA must submit its plans for development and redevelopment to the City Council for approval in accordance with city planning procedures and laws.
(e) The CHEDA shall not hire permanent or temporary employees without prior approval by the City Council.
(f) The administrative structure and management practices and policies of the CHEDA must be approved by the City Council.
(6) As provided in the Act it is the intention of the City Council that nothing in this section nor any activities of the CHEDA are to be construed to impair the obligations of the city or the Housing and Redevelopment Authority in and for the city under any of their contracts or to affect in any detrimental manner the rights and privileges of a holder of a bond or other obligation heretofore issued by the city or the HRA.
(B) Implementation.
(1) The City Council will from time to time and at the appropriate time adopt such ordinances and resolutions as are required and permitted by the Act to give full effect to this section.
(2) The Mayor, the Manger and other appropriate city officials are authorized and directed to take the actions and execute and deliver the documents necessary to give full effect to this section.
(3) Nothing in this section is intended to prevent the city from modifying this section to impose new or different limitations on the CHEDA as authorized by the Act.
(C) EDA powers.
(1) Except as limited by this section or the enabling resolution, as either may be amended from time to time, the EDA may exercise all the powers under the EDA Act, including, but not limited to, the following:
(a) All powers under the HRA Act other than those allocated to the HRA under this section.
(b) All powers of a city under M.S. §§ 469.124 to 469.134, as they may be amended from time to time.
(c) All powers and duties of a redevelopment agency under M.S. §§ 469.152 to 469.165, as they may be amended from time to time, for a purpose in the HRA Act or the EDA Act, and all powers and duties in the HRA Act and EDA Act for a purpose in M.S. §§ 469.152 to 469.165, as they may be amended from time to time.
(d) The authority to acquire property, exercise the right of eminent domain; make contracts for the purpose of redevelopment and economic development; serve as a limited partner in a partnership whose purpose is consistent with the CHEDA's purpose; buy supplies and materials needed to carry out development within the EDA Act; and operate and maintain public parking facilities.
(e) The authority to issue bonds in accordance with the EDA Act and the HRA Act.
(f) The authority to levy special benefit taxes in accordance with Section 469.033, subdivision 6 of the HRA Act in order to pay or finance public redevelopment costs (as defined in the HRA Act), subject to approval by the City Council in accordance with Section 469.033, subdivision 6.
(g) All powers under M.S. §§ 469.174 to 469.179, as they may be amended from time to time, including without limitation the power to establish a housing district as defined in M.S. § 469.174, subd. 11, as it may be amended from time to time.
(2) CHEDA may not exercise powers under the HRA Act that are allocated to the HRA under this section; provided, however, that nothing in this section will be construed to limit CHEDA's powers to carry out any redevelopment project that includes housing for low and moderate income persons that is owned and operated by non-governmental parties.
(Res. 96-01, passed 1-8-96; Am. Ord. 1442, passed 10-22-01; Am. Ord. 1664, passed 2-22-21)