SF 699

1st Engrossment - 84th Legislature (2005 - 2006)

Posted on 12/15/2009 12:00 a.m.

A bill for an act
relating to the city of Mounds View; changing certain
requirements relating to a tax increment financing
district; authorizing a conveyance of state interest
in property to the city.

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

Section 1. new text begin CITY OF MOUNDS VIEW; TAX INCREMENT FINANCING
DISTRICT.
new text end

new text begin Subdivision 1. new text end

new text begin Establishment. new text end

new text begin The city of Mounds View
may establish within the corporate boundaries of the city one or
more redevelopment tax increment financing districts within an
area of the city that is currently exempt from taxation and
that, because of under use, causes ongoing annual financial
losses to the city. Districts created under this section are
subject to the special rules under subdivision 2 and must be
located within the area bounded by, and including, on the north
County Road J west of Coral Sea Street and 82nd Lane NE east of
Coral Sea Street, on the east Coral Sea Street north of 82nd
Lane NE and Interstate Highway 35W south of 82nd Lane NE, on the
south and southwest U.S. Highway 10, and on the west the western
boundary of Outlot A, Sysco, according to the recorded plat
thereof, and situated in Ramsey County, Minnesota.
new text end

new text begin Subd. 2. new text end

new text begin Special rules. new text end

new text begin (a) If the city elects upon the
adoption of the tax increment financing plan for the district,
the rules under this section apply to redevelopment tax
increment financing districts established by the city of Mounds
View or a development authority of the city in the area
described in subdivision 1.
new text end

new text begin (b) The five-year rule under Minnesota Statutes, section
469.1763, subdivision 3, does not apply.
new text end

new text begin (c) The limitations on spending increment outside of the
district under Minnesota Statutes, section 469.1763, subdivision
2, and the 90 percent limitation under Minnesota Statutes,
section 469.176, subdivision 4j, do not apply, but increments
may only be expended on costs, improvements, or activities
within the area defined in subdivision 1 and related to
development occurring within the area defined in subdivision 1,
whether or not included in a redevelopment tax increment
financing district, including, but not limited to, payment of
bonds and interfund loans of the city, acquisition and removal
of existing billboards, acquisition of land and easements,
administrative expenses, sanitary sewer, sewer, and water
improvements, wetland mitigation, pedestrian pathways, lighting,
and road improvements. Notwithstanding the preceding sentence,
increments may be expended on costs, improvements, or activities
outside the area defined in subdivision 1, wherever located,
whether or not included in a redevelopment tax increment
financing district, for sanitary sewer, sewer, and water
improvements and improvements to Coral Sea Street, Airport Road,
82nd Lane NE, County Road J, U.S. Highway 10, and Interstate
Highway 35W so long as such improvements are related to
development occurring within the area defined in subdivision 1.
new text end

new text begin (d) The certified original local tax rate for the district
under Minnesota Statutes, section 469.177, subdivision 1a, does
not apply.
new text end

new text begin (e) The requirements for qualifying a redevelopment
district under Minnesota Statutes, section 469.174, subdivision
10, do not apply to the area defined in subdivision 1. The area
defined in subdivision 1 shall be deemed eligible for the
purpose of qualifying for inclusion in a redevelopment district.
new text end

new text begin Subd. 3. new text end

new text begin Expiration. new text end

new text begin The authority to approve tax
increment financing plans to establish a tax increment financing
district under this section expires on December 31, 2019.
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 Mounds View and upon
compliance by the city with Minnesota Statutes, section 645.021,
subdivision 3.
new text end

Sec. 2. [CONVEYANCE OF STATE INTEREST IN REAL PROPERTY TO
CITY OF MOUNDS VIEW.]

new text begin (a) Notwithstanding Minnesota Statutes, section 16B.281,
16B.282, 92.45, or any other law to the contrary, the
commissioner of transportation shall convey to the city of
Mounds View all right, title, and interest of the state of
Minnesota created by corrective deed dated March 16, 1989, in
the land located in Ramsey County, described as:
new text end

new text begin The South Half of the Northeast Quarter of Section 5,
Township 30 North, Range 23 West, Ramsey County, Minnesota;
which lies northerly and westerly of the following
described line: Commencing at the center of said Section
5; thence north on an azimuth of 359 degrees 23 minutes 10
seconds (azimuth oriented to Minnesota State Plane
Coordinate System) along the north and south quarter line
of said Section 5 for 781.42 feet to the point of beginning
of the line to be described; thence on an azimuth of 108
degrees 12 minutes 41 seconds, 231.14 feet; thence on an
azimuth of 98 degrees 27 minutes 03 seconds, 1486.78 feet;
thence run northeasterly for 447.16 feet on a nontangential
curve, concave to the northwest, having a radius of 720
feet, a delta angle of 35 degrees 35 minutes 02 seconds and
a chord azimuth of 76 degrees 55 minutes 11 seconds; thence
on an azimuth of 59 degrees 07 minutes 40 seconds, 192.89
feet; thence run northerly 398.14 feet on a nontangential
curve, concave to the northwest, having a radius of 850
feet, a delta angle of 26 degrees 50 minutes 15 seconds and
a chord azimuth of 29 degrees 26 minutes 05 seconds; thence
on an azimuth of 16 degrees 00 minutes 57 seconds, 303.65
feet to the north line of said Tract A and there
terminating;
new text end

new text begin Containing 40.41 acres, more or less.
new text end

new text begin (b) The conveyance shall be by quit claim deed without
consideration in a form approved by the attorney general.
new text end

new text begin (c) This property was acquired by the Department of
Transportation for construction of a new portion of Trunk
Highway 10 west of Interstate Highway 35W. The property was not
needed for highway purposes. In 1988, the commissioner of
transportation deeded the property to the city of Mounds View
subject to a right of reverter. The state of Minnesota and the
Department of Transportation no longer need the right of
reverter.
new text end

new text begin (d) If the city of Mounds View does not enter into a fully
executed development agreement to redevelop the land described
in paragraph (a) by January 1, 2007, all right, title, and
interest in the land shall revert back to the Department of
Transportation unless the land is still used for a public
purpose. If the land is not subject to a fully executed
development agreement and is still used for a public purpose on
or after January 1, 2007, the land may continue to be used for
such public purpose by the city of Mounds View, subject to a
right of reverter if the land ceases to be used for a public
purpose.
new text end