SF 4631

Introduction - 94th Legislature (2025 - 2026)

Posted on 03/24/2026 10:18 a.m.

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

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

Section 1. new text begin CITY OF HOPKINS; TAX INCREMENT FINANCING DISTRICT 1-6
(325 BLAKE); FIVE-YEAR RULE EXTENSION; SIX-YEAR RULE EXTENSION.
new text end

new text begin The five-year period under Minnesota Statutes, section 469.1763, subdivision 3, is
extended to ten years and the period under Minnesota Statutes, section 469.1763, subdivision
4, relating to the use of increment after the expiration of the five-year period, is extended
to 11 years for Tax Increment Financing District 1-6 (325 Blake) in the city of Hopkins.
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 Hopkins and its chief clerical officer comply with the requirements of Minnesota
Statutes, section 645.021, subdivisions 2 and 3.
new text end