as introduced - 82nd Legislature (2001 - 2002) Posted on 12/15/2009 12:00am
1.1 A bill for an act 1.2 relating to the city of Park Rapids; extending the 1.3 time period for certain activities in a tax increment 1.4 financing district in the city. 1.5 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 1.6 Section 1. [CITY OF PARK RAPIDS; EXTENSION OF TIME FOR 1.7 ACTIVITY IN A TAX INCREMENT FINANCING DISTRICT.] 1.8 The requirement in Minnesota Statutes, section 469.1763, 1.9 subdivision 3, that activities must be undertaken within a 1.10 five-year period from the date of certification of a tax 1.11 increment financing district must be considered to be met in the 1.12 case of redevelopment district No. 4 in the city of Park Rapids 1.13 if the activities are undertaken within six years from the date 1.14 of certification of the district. 1.15 [EFFECTIVE DATE.] This section is effective upon approval 1.16 by the governing body of the city of Park Rapids and compliance 1.17 with Minnesota Statutes, section 645.021, subdivision 3.