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Riverfront nonprofit established

Published (4/25/2008)
By Brian Hogenson
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The City of Minneapolis may be able to establish a nonprofit corporation for riverfront revitalization.

Rep. Diane Loeffler (DFL-Mpls), who sponsors HF3692/SF3303* with Sen. Linda Higgins (DFL-Mpls), said the bill would create a Minneapolis riverfront organization to coordinate planning, outreach and development opportunities along the Mississippi River.

The bill specifies that the initial board of directors must have between 10 and 24 members, including two representatives each from the City of Minneapolis and the Minneapolis Park and Recreation Board, with no more than half representing government entities.

The city would be authorized to provide office space, administrative support and funding to establish the corporation, and allow for gifts, donations, money, property and other assets to be transferred to the corporation. Additionally the bill allows political subdivisions to make gifts and grants to the corporation and declares that use of government resources is for a public purpose.

A report is required to the Legislature by Jan. 15, 2010.

Passed 99-33 by the House April 21, it was returned to the Senate, as amended, for concurrence. The amendment changed the date that compliance by the city and park board must be completed from Dec. 31, 2008, to July 1, 2008.

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