SF 3581
Introduction - 94th Legislature (2025 - 2026)
Posted on 02/18/2026 10:24 a.m.
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A bill for an act
relating to taxation; tax increment financing; authorizing special rules for the city
of Wayzata; amending Laws 2021, First Special Session chapter 14, article 9,
section 11.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
Section 1.
Laws 2021, First Special Session chapter 14, article 9, section 11, is amended
to read:
Sec. 11. CITY OF WAYZATA; TIF DISTRICT NO. 6; EXPENDITURES
ALLOWED.
new text begin (a) new text end 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
such expenditures are deemed expended on activities within the district.
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(b) Notwithstanding Minnesota Statutes, section 469.1763, subdivision 2, the city of
Wayzata may expend increments generated from Tax Increment Financing District No. 6
on the following projects:
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(1) design and construction of the Eco Park, including shoreline restoration, marsh and
water quality improvements, a pier extension of the lakeside boardwalk, and creation of
eco-living classrooms;
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(2) restoration of the Section Foreman House, including installation of a learning center
and community space; and
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(3) expansion and remodeling of the Depot Park, including accessibility improvements
related to the Panoway on Wayzata Bay project.
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(c) Expenditures on projects in paragraph (b) are deemed expended on activities within
the district.
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new text begin EFFECTIVE DATE. new text end
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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.
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