HF 317

as introduced - 87th Legislature (2011 - 2012) Posted on 02/02/2011 09:08am

A bill for an act
relating to the city of Ramsey; providing special rules for a tax increment district
in the city; amending Laws 2010, chapter 389, article 7, section 22.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

Section 1.

Laws 2010, chapter 389, article 7, section 22, is amended to read:

Sec. 22. CITY OF RAMSEY; TAX INCREMENT FINANCING DISTRICT;
SPECIAL RULES.

(a) If the city of Ramsey or an authority of the city elects upon the adoption of a tax
increment financing plan for a district, the rules under this section apply to a redevelopment
tax increment financing district established by the city or an authority of the city. The
redevelopment tax increment district includes parcels within the area bounded on the new text begin east
by Ramsey Boulevard, on the new text end north by Bunker Lake Boulevard as extended west to Llama
Street, on the west by Llama Street, and on the south by a line running parallel to and
600 feet south of the southerly right-of-way for U.S. Highway 10, but including Parcels
28-32-25-43-0007 and 28-32-25-34-0002 in their entirety, and excluding the Anoka
County Regional Park property in its entirety. A parcel within this area that is included in
a tax increment financing district that was certified before the date of enactment of this act
may be included in the district created under this act if the initial district is decertified.

(b) The requirements for qualifying a redevelopment tax increment district under
Minnesota Statutes, section 469.174, subdivision 10, do not apply to the parcels located
within the district.

(c) deleted text begin In addition to the costs permitted by deleted text end Minnesota Statutes, section 469.176,
subdivision 4j, new text begin does not apply to the district. new text end Eligible expenditures within the district
include new text begin but are not limited to (1) new text end the city's share of the costs necessary to provide for
the construction of the Northstar Transit Station and related infrastructure, including
structured parking, a pedestrian overpass, and roadway improvements new text begin , (2) the cost of
land acquired by the city or the housing and redevelopment authority in and for the city
of Ramsey within the district prior to the establishment of the district, and (3) the cost
of public improvements installed within the tax increment financing district prior to the
establishment of the district new text end .

(d) The requirement of Minnesota Statutes, section 469.1763, subdivision 3, that
activities must be undertaken within a five-year period from the date of certification of a
tax increment financing district, is considered to be met for the district if the activities
were undertaken within ten years from the date of certification of the district.

(e) Except for administrative expenses, the in-district percentage for purposes of
the restriction on pooling under Minnesota Statutes, section 469.1763, subdivision 2, for
this district is 100 percent.

new text begin (f) Minnesota Statutes, sections 469.176, subdivision 6, and 469.177, subdivision 4,
do not apply to the district.
new text end

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective upon approval by the governing
body of the city of Ramsey, and upon compliance by the city with Minnesota Statutes,
section 645.021, subdivision 3.
new text end