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HF 2027

as introduced - 87th Legislature (2011 - 2012) Posted on 02/02/2012 10:07am

KEY: stricken = removed, old language.
underscored = added, new language.
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Bill Text Versions

Engrossments
Introduction Posted on 01/30/2012

Current Version - as introduced

Line numbers 1.1 1.2 1.3 1.4
1.5 1.6 1.7 1.8 1.9 1.10 1.11
1.12 1.13 1.14

A bill for an act
 relating to the city of Bloomington; extending certain time limits applicable
to a tax increment financing district.

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

Section 1. new text begin CITY OF BLOOMINGTON; TAX INCREMENT FINANCING.
new text end

new text begin Notwithstanding Minnesota Statutes, section 469.176, or Laws 1996, chapter 464,
article 1, section 8, or any other law to the contrary, the city of Bloomington and its port
authority may extend the duration limits of tax increment financing district No. 1-G,
containing the former Met Center property, including Lindau Lane and that portion of tax
increment financing district No. 1-C north of the existing building line on Lot 1, Block 1,
Mall of America 7th Addition, exclusive of Lots 2 and 3, through December 31, 2038.
 new text end

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective upon compliance of the governing
body of the city of Bloomington with the requirements of Minnesota Statutes, sections
469.1782, subdivision 2, and 645.021, subdivision 3.
 new text end