as introduced - 83rd Legislature (2003 - 2004) Posted on 12/15/2009 12:00am
Engrossments | ||
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Introduction | Posted on 03/26/2003 |
1.1 A bill for an act 1.2 relating to the city of Monticello; authorizing 1.3 extension of time for certain activities in a tax 1.4 increment financing district. 1.5 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 1.6 Section 1. [CITY OF MONTICELLO; EXTENSION OF TIME FOR 1.7 ACTIVITY IN A TAX INCREMENT FINANCING DISTRICT.] 1.8 The requirements of Minnesota Statutes, section 469.1763, 1.9 subdivision 3, that activities must be undertaken within a 1.10 five-year period from the date of certification of a tax 1.11 increment financing district, must be considered to be met for 1.12 the city of Monticello tax increment financing district no. 1-22 1.13 if the activities are undertaken within ten years from the date 1.14 of certification of the district. 1.15 [EFFECTIVE DATE.] This section is effective upon compliance 1.16 by the governing body of the city of Monticello with the 1.17 requirements of Minnesota Statutes, section 645.021.