HF 825

as introduced - 84th Legislature (2005 - 2006) Posted on 12/15/2009 12:00am

A bill for an act
relating to the city of Brooklyn Center; extending
time to expend tax increments.

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

Section 1. new text begin EXTENSION OF TIME TO EXPEND TAX INCREMENT.
new text end

new text begin Notwithstanding any contrary provision of law or charter,
for tax increment financing district number 3, established on
December 19, 1994, by Brooklyn Center Resolution No. 94-273,
Minnesota Statutes, section 469.1763, subdivision 3, applies to
the district by permitting a period of 13 years for commencement
of activities within the district.
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 Brooklyn Center and
compliance with Minnesota Statutes, section 645.021, subdivision
3.
new text end