HF 1108

as introduced - 80th Legislature (1997 - 1998) Posted on 12/15/2009 12:00am

  1.1                          A bill for an act
  1.2             relating to tax increment financing; exempting a 
  1.3             district for a tourism facility in Douglas county from 
  1.4             certain restrictions under general law. 
  1.5   BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
  1.6      Section 1.  [ECONOMIC DEVELOPMENT TIF DISTRICT; DOUGLAS 
  1.7   COUNTY.] 
  1.8      Subdivision 1.  [AUTHORIZATION.] The Douglas county housing 
  1.9   and redevelopment authority or the Brandon economic development 
  1.10  authority may establish a tax increment financing district for a 
  1.11  tourism facility including a theme park, amusement park, 
  1.12  cultural facilities, recreational facilities, lodging 
  1.13  facilities, retail facilities, and associated commercial 
  1.14  development. 
  1.15     Subd. 2.  [SPECIAL RULES.] The tax increment financing 
  1.16  district is subject to Minnesota Statutes, sections 469.174 to 
  1.17  469.179 with the exceptions listed in this subdivision. 
  1.18     (a) The tax increment financing district may encompass up 
  1.19  to .. acres and all taxable improvements within the district are 
  1.20  deemed a tourism facility and qualified as an economic 
  1.21  development district for purposes of Minnesota Statutes, 
  1.22  sections 469.174, subdivisions 12 and 22; and 469.176, 
  1.23  subdivision 4c. 
  1.24     (b) Minnesota Statutes, section 469.176, subdivision 7, 
  1.25  does not apply to the tax increment financing district.  
  2.1      (c) Notwithstanding Minnesota Statutes, section 469.1763, 
  2.2   subdivision 2, more than 20 percent of the tax increments from 
  2.3   the tax increment financing district may be expended on 
  2.4   activities outside of the district that are limited to: 
  2.5      (1) extension of sanitary sewer, storm sewer, and water 
  2.6   improvements directly related to the tourism facilities 
  2.7   including wastewater and water treatment facilities; 
  2.8      (2) road improvements including state highways, county 
  2.9   roads, and municipal streets directly related to the tourism 
  2.10  facilities including interstate freeway interchanges; 
  2.11     (3) pipeline relocation; 
  2.12     (4) administrative costs; and 
  2.13     (5) engineering costs related to clauses (1) to (3). 
  2.14     (d) Minnesota Statutes, section 469.1763, subdivision 3, 
  2.15  does not apply to the tax increment financing district. 
  2.16     (e) Notwithstanding Minnesota Statutes, section 469.176, 
  2.17  subdivision 1b, the maximum duration of the tax increment 
  2.18  financing district is 20 years from the receipt of the first tax 
  2.19  increment financing district. 
  2.20     (f) The county auditor shall not adjust the original net 
  2.21  tax capacity of the tax increment district under Minnesota 
  2.22  Statutes, section 469.177, subdivision 1, paragraph (f). 
  2.23     Sec. 2.  [EFFECTIVE DATE.] 
  2.24     Section 1 is effective upon approval of the original tax 
  2.25  increment financing plan for the tax increment financing 
  2.26  district by the affected school board, county board, and 
  2.27  township board or city council and upon approval of the 
  2.28  governing body of the authority under Minnesota Statutes, 
  2.29  section 645.021, subdivision 2.