HF 1903

as introduced - 92nd Legislature (2021 - 2022) Posted on 03/04/2021 02:45pm

A bill for an act
relating to taxation; tax increment financing; providing special rules for the city
of Wayzata.

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

Section 1. new text begin CITY OF WAYZATA; TIF DISTRICT NO. 6.
new text end

new text begin Notwithstanding Minnesota Statutes, section 469.1763, subdivision 2, the city of Wayzata
may expend increments generated from Tax Increment Financing District No. 6 for the
design and construction of the lakefront pedestrian walkway and community transient lake
public access infrastructure related to the Panoway on Wayzata Bay project, and all of these
expenditures are activities within the district.
new text end

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective the day after the governing body of the
city of Wayzata and its chief clerical officer comply with the requirements of Minnesota
Statutes, section 645.021, subdivisions 2 and 3.
new text end