HF 2280

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

A bill for an act
relating to taxation; city of Sauk Rapids; extending the time to establish a tax
increment financing district.

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

Section 1. new text begin CITY OF SAUK RAPIDS; TIF.
new text end

new text begin Any parcel in the city of Sauk Rapids located within Blocks 26, 27, 59, 61, and 62,
original town of Sauk Rapids Plat, is deemed to meet the requirements of Minnesota
Statutes, section 469.174, subdivision 10, paragraph (d), clause (1), if the following
conditions are met:
new text end

new text begin (1) a building on the parcel was demolished in compliance with Minnesota Statutes,
section 469.174, subdivision 10, paragraph (d), clause (2), after the authority adopted a
resolution pursuant to Minnesota Statutes, section 469.174, subdivision 10, paragraph
(d), clause (3); and
new text end

new text begin (2) the request for certification of the parcel as part of a district is filed with the
county auditor by December 31, 2012, or three years after the date of demolition,
whichever is later.
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 Sauk Rapids with the requirements of Minnesota Statutes, section
645.021, subdivision 3.
new text end