HF 1791

as introduced - 87th Legislature (2011 - 2012) Posted on 03/15/2012 11:41am

A bill for an act
relating to the city of Oakdale; extending certain time limits applicable to a tax
increment financing district; amending Laws 2008, chapter 366, article 5, section
34, as amended.

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

Section 1.

Laws 2008, chapter 366, article 5, section 34, as amended by Laws 2009,
chapter 88, article 5, section 11, is amended to read:

Sec. 34. CITY OF OAKDALE; ORIGINAL TAX CAPACITY.

new text begin Subdivision 1. new text end

new text begin Original tax capacity election. new text end

(a) The provisions of this section
apply to redevelopment tax increment financing districts created by the Housing and
Redevelopment Authority in and for the city of Oakdale in the areas comprised of
the parcels with the following parcel identification numbers: (1) 3102921320053;
3102921320054; 3102921320055; 3102921320056; 3102921320057; 3102921320058;
3102921320062; 3102921320063; 3102921320059; 3102921320060; 3102921320061;
3102921330005; and 3102921330004; and (2) 2902921330001 and 2902921330005.

(b) For a district subject to this section, the Housing and Redevelopment Authority
may, when requesting certification of the original tax capacity of the district under
Minnesota Statutes, section 469.177, elect to have the original tax capacity of the district
be certified as the tax capacity of the land.

(c) The authority to request certification of a district under this section expires on
deleted text begin July 1, 2013 deleted text end new text begin December 31, 2017 new text end .

new text begin Subd. 2. new text end

new text begin Parcels deemed occupied. new text end

new text begin (a) Parcel numbers 3102921320054,
3102921320055, 3102921320056, 3102921320057, 3102921320061, and 3102921330004
are deemed to meet the requirements of Minnesota Statutes, section 469.174, subdivision
10, paragraph (d), notwithstanding any contrary provisions of that paragraph, if the
following conditions are met:
new text end

new text begin (1) a building located on any part of each of the specified parcels was demolished
after the authority adopted a resolution under Minnesota Statutes, section 469.174,
subdivision 10, paragraph (d), clause (3);
new text end

new text begin (2) the building was removed either by the authority, by a developer under a
development agreement with the authority, or by the owner of the property without
entering into a development agreement with the authority; and
new text end

new text begin (3) the request for certification of the parcel as part of a district is filed with the
county auditor by December 31, 2017.
new text end

new text begin (b) The provisions of subdivision 1 apply to allow an election by the authority
for the parcels deemed occupied under paragraph (a), notwithstanding the provisions
of Minnesota Statutes, sections 469.174, subdivision 10, paragraph (d), and 469.177,
subdivision 1, paragraph (f).
new text end

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective upon compliance by the governing
body of the city of Oakdale with the requirements of Minnesota Statutes, section 645.021,
subdivision 3.
new text end