5.2.
HRA Regular Session
- Meeting Date:
- 05/31/2011
- By:
- Aaron Backman, Administrative Services
Title:
Comparison of HRA/EDA Powers and Responsibilities
Background:
At the joint City Council-EDA meeting on April 14, 2011, the City Administrator brought up the idea of having a
comparison of powers and responsibilities between the Ramsey Housing & Redevelopment Authority (HRA) and
the Ramsey Economic Development Authority (EDA). This comparison was presented by the Economic Development/Marketing Manager at the regular Ramsey EDA meeting on May 12, 2011 meeting.
Cities have authority to aid and cooperate in the planning, construction, or operation of economic development, and
housing and redevelopment projects. These can be done through various government organizations. The
predominant method of delivering and administering housing and redevelopment programs in Minnesota is through
a legal public entity, accountable to city government. Since 1947 a city in Minnesota may establish this public
agency, often a Housing and Redevelopment Authority (HRA) (MN Stat. 460.001 to 469.047), of which there are
more than 230 in Minnesota. An HRA is a public corporation with power to undertake certain types of housing and
redevelopment or renewal activities. While state legislation conveys authority for HRAs in each City, it is up to the
City Council to formally establish an HRA before it can do business and use its powers. Frequently HRAs are the
affordable housing entity that provides decent and safe rental housing for eligible low-income families, the elderly
and persons with disabilities. HRA activities can lead to reinvestment in commercial neighborhoods through
acquisition, demolition and rehabilitation.
In 1986 the Minnesota Legislative passed legislation (MN Stat. 469.090 to 469.1082) authorizing cities to establish
formal Economic Development Authorities (EDAs) to promote local economic growth. An EDA is a legal entity
created by a City to facilitate a well-rounded development program by taking advantage of some of the port
authority powers and all of the HRA powers. By combining these powers, community leaders are able to create
flexible business assistance and development programs. EDAs are allowed to buy and sell property, make loans
and grants to businesses, provide loan guarantees and to sell bonds.
Attached is a comparison between the two bodies in terms of purposes, governing body, and activities.
comparison of powers and responsibilities between the Ramsey Housing & Redevelopment Authority (HRA) and
the Ramsey Economic Development Authority (EDA). This comparison was presented by the Economic Development/Marketing Manager at the regular Ramsey EDA meeting on May 12, 2011 meeting.
Cities have authority to aid and cooperate in the planning, construction, or operation of economic development, and
housing and redevelopment projects. These can be done through various government organizations. The
predominant method of delivering and administering housing and redevelopment programs in Minnesota is through
a legal public entity, accountable to city government. Since 1947 a city in Minnesota may establish this public
agency, often a Housing and Redevelopment Authority (HRA) (MN Stat. 460.001 to 469.047), of which there are
more than 230 in Minnesota. An HRA is a public corporation with power to undertake certain types of housing and
redevelopment or renewal activities. While state legislation conveys authority for HRAs in each City, it is up to the
City Council to formally establish an HRA before it can do business and use its powers. Frequently HRAs are the
affordable housing entity that provides decent and safe rental housing for eligible low-income families, the elderly
and persons with disabilities. HRA activities can lead to reinvestment in commercial neighborhoods through
acquisition, demolition and rehabilitation.
In 1986 the Minnesota Legislative passed legislation (MN Stat. 469.090 to 469.1082) authorizing cities to establish
formal Economic Development Authorities (EDAs) to promote local economic growth. An EDA is a legal entity
created by a City to facilitate a well-rounded development program by taking advantage of some of the port
authority powers and all of the HRA powers. By combining these powers, community leaders are able to create
flexible business assistance and development programs. EDAs are allowed to buy and sell property, make loans
and grants to businesses, provide loan guarantees and to sell bonds.
Attached is a comparison between the two bodies in terms of purposes, governing body, and activities.
Observations:
Informational document.
Recommendation:
The Ramsey EDA supported presenting this information to the City Council.
Funding Source:
N/A
Council Action:
No action is required at this time.
Attachments
Form Review
- Form Started By:
- abackman
- Started On:
- 05/24/2011 05:16 PM
- Final Approval Date:
- 05/26/2011