as introduced - 86th Legislature (2009 - 2010) Posted on 02/09/2010 01:56am
A bill for an act
relating to taxation; the city of Medina; authorizing extension of time for certain
activities in tax increment financing district.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
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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 Tax Increment Financing
District No. 1-9 administered by the city of Medina if the activities are undertaken within
ten years from the date of certification of the district.
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This section is effective upon compliance by the governing
body of the city of Medina with the requirements of Minnesota Statutes, section 645.021.
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