HF 1949

as introduced - 86th Legislature (2009 - 2010) Posted on 02/09/2010 01:56am

A bill for an act
relating to taxation; city of Coon Rapids; tax increment financing.

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

Section 1. new text begin CITY OF COON RAPIDS; TAX INCREMENT FINANCING
DISTRICTS EXTENSION.
new text end

new text begin Notwithstanding any limitations under Minnesota Statutes, section 469.176, or
any other law to the contrary, the city of Coon Rapids may extend the duration of Tax
Increment Financing District Nos. 1-2, 1-3, 1-4, 1-5, 1-6, 1-7, 1-8, 1-9, 1-10, 1-11, and
1-13 for eligible activities among the districts through the period up through December
31, 2020.
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 Coon Rapids and compliance by the city with Minnesota Statutes, section
645.021, subdivision 3.
new text end