For the record Winona’s use of the funds
were a stretch of the Statute on what Port Authority are to be used for.
Paul Double
Minnesota Statutes 2005, Table
of Chapters
Table of contents for
Chapter 469
469.064 Port authority activities.
Subdivision 1. Government agent. A port
authority
may cooperate with or act as agent for the
federal or the state
government, or a state public body, or an
agency or
instrumentality of a government or a public
body to carry out
sections 469.048 to 469.068 or any
other related federal, state,
or local law in the area of river, harbor, and
industrial
development district improvement.
Subd. 2. Studies, analysis, research.
A port
authority may study and analyze industrial
development needs in
its port district, and ways to meet the
needs. A port authority
may study the desirable patterns for industrial
land use and
community growth and other factors affecting
local industrial
development in the district and make the
result of the studies
available to the public and to industry in
general. A port
authority may engage in research and disseminate
information on
river, harbor, and industrial development in
the port district.
Subd. 3. Accept public land. A
port authority may
accept conveyances of land from all other
public agencies,
commissions, or other units of government,
including the housing
and redevelopment authority of the city of Saint
Paul and the
state Metropolitan Airports Commission, if the
land can be
properly used by the port authority in a
river, harbor, and
industrial development district, to carry out
the purposes of
sections 469.048 to 469.068.
Subd. 4. Industrial development. A
port authority
may carry out the law on industrial
development districts to
develop and improve the lands in an industrial
development
district to make it suitable and available for
industrial uses
and purposes. A port authority may
dredge, bulkhead, fill,
grade, and protect the property and do
anything necessary and
expedient, after acquiring the property, to
make it suitable and
attractive as a tract for industrial
development. A port
authority may lease some or all of its lands
or property and may
set up local improvement districts in all or
part of an
industrial development district.
In general, with respect to an
industrial development
district, a port authority may use all the
powers given a port
authority by law.
Subd. 5. Loans in anticipation of bonds.
A port
authority after authorizing bonds under
section 469.060
or
469.061 may
borrow to provide money immediately required for the
bond purpose. The loans may not exceed
the amount of the
bonds. The authority shall by resolution
decide the terms of
the loans. The loans must be evidenced
by negotiable notes due
in not more than 12 months from the date of
the loan payable to
the order of the lender or to bearer, to be
repaid with interest
from the proceeds of the bonds when the bonds
are issued and
delivered to the bond purchasers. The
loan must not be obtained
from any commissioner of the port authority or
from any
corporation, association, or other institution
of which a port
authority commissioner is a stockholder or
officer.
Subd. 6. Use of proceeds. The
proceeds of
obligations issued by a port authority under
section 469.061
and
temporary loans obtained under subdivision 5
may be used to make
or purchase loans for port, industrial, or
economic facilities
that the authority believes will require
financing. To make or
purchase the loans, the port authority may
enter into loan and
related agreements, both before and after
issuing the
obligations, with persons, firms, public or
private
corporations, federal or state agencies, and
governmental units
under terms and conditions the port authority
considers
appropriate. A governmental unit in the
state may apply,
contract for, and receive the loans. Chapter
475 does not apply
to the loans.
HIST: 1987 c 291 s 65
Copyright 2005 by the Office of
Revisor of Statutes, State of Minnesota.
-----Original Message-----
From: [EMAIL PROTECTED] [mailto:[EMAIL PROTECTED]
On Behalf Of Kathy Seifert
Sent: Tuesday, June
20, 2006 7:29 PM
I doubt that the funds given by the Port Authority or the
CVB were funds that could have been provided to the Park Rec Department. The
Port Authority is charged with maintaining the Port and promoting the river and
local commerce. The CVB's role is to promote Winona as a
destination. Clearly the GRSF falls under the purview of both of these
organizations--both of which have their own commissioners or directors who are
charged with responsibility for budgets, decision-making, and
accountability for funds.
