City of Lake City port authority powers modification; Red Wing Port Authority appointees length of terms modification

This bill modifies the powers of the Lake City port authority by allowing it to be established with limited capabilities, specifically prohibiting it from issuing debt, bonds, or exercising eminent domain powers. It also changes the term length for appointees to the Red Wing Port Authority from three years to six years, effective January 1, 2011. Additionally, the bill provides a mechanism for Lake City to validate prior actions taken under a previous 2021 law through a resolution by January 1, 2027. These changes affect local government structures in Lake City and Red Wing, Minnesota, by altering how their port authorities operate and how their members serve.