(A) Except as specifically limited by this section, the Authority shall have all the authority granted it pursuant to the Act, including but not limited to the following:
(1) Acquisition and disposition of property; this shall include the purchase of options, easements, rights, land and building contract and exercise of leases;
(2) Eminent domain;
(3) Contracts for service, joint action and the purchase or sale of property;
(4) Limited and equity partnerships, provided such partnerships are consistent with the purpose of the Authority;
(5) Issue loans, loan guarantees, interest reductions, provided such activities are consistent with Authority’s purpose and is consistent with the provisions of M.S. § 469.106, as it may be amended from time to time;
(6) Issue loans in anticipation of bonds;
(7) Establishment of redevelopment districts;
(8) The Authority may contract for services of consultants, agents, public accountants and other persons needed to perform its duties and exercise its powers;
(9) The Authority may use the services of the City Attorney for its legal needs;
(10) The Authority may purchase the supplies and material it needs to carry out its duties;
(11) The Authority may create and define the boundaries of economic development districts as authorized by the Act;
(12) The Authority may cooperate with or act as agent for the federal or state government or a state public body or an agency or instrumentality or a government or other public body to carry out the powers granted it by the Act or any other related federal, state or local law in the area of economic development district improvement;
(13) An Authority may study and analyze economic development needs in the city and ways to meet those needs;
(14) An Authority may join an official, industrial, commercial or trade association or other organization concerned with such purposes, hold receptions for officials who may contribute to advancing the city and its economic development and carry out other appropriate public relations activities to promote the city and its economic development;
(15) The Authority may carry out the law on economic development districts to develop and improve the lands in an economic development district to make it suitable and available for economic development uses and purposes. In general, with respect to an economic development district, the Authority may use all of the powers given an economic development authority by law;
(16) The Authority may perform such duties which may be lawfully assigned to it by the city.
(B) All city employees shall, upon request and within a reasonable time, furnish to the Authority or its employees or agents such available records or information as may be required in its work. The authority, or its employees or agents, may in the performance of official duties enter upon lands and make examinations or surveys in the same manner as other authorized city agents or employees and shall have such other powers as are required for the performance of official functions in carrying out the purposes of this resolution.
(Res. 17-89, passed 4-26-89)