HF 2519

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

  1.1                          A bill for an act
  1.2             relating to Douglas county; tax increment financing; 
  1.3             providing special rules for a tourism project. 
  1.4   BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
  1.5      Section 1.  [ECONOMIC DEVELOPMENT TAX INCREMENT FINANCING 
  1.6   DISTRICT; DOUGLAS COUNTY.] 
  1.7      Subdivision 1.  [AUTHORIZATION.] The Douglas county housing 
  1.8   and redevelopment authority or the Brandon economic development 
  1.9   authority may establish a tax increment financing district for a 
  1.10  tourism facility including a theme park, amusement park, 
  1.11  cultural facilities, recreational facilities, lodging 
  1.12  facilities, retail facilities, and associated commercial 
  1.13  development. 
  1.14     Subd. 2.  [SPECIAL RULES.] (a) The tax increment financing 
  1.15  district is subject to Minnesota Statutes, sections 469.174 to 
  1.16  469.179, with the exceptions listed in this subdivision. 
  1.17     (b) The tax increment financing district may encompass up 
  1.18  to 520 acres and all taxable improvements within the district 
  1.19  are deemed a tourism facility and qualified as an economic 
  1.20  development district for purposes of Minnesota Statutes, 
  1.21  sections 469.174, subdivisions 12 and 22; and 469.176, 
  1.22  subdivision 4c. 
  1.23     (c) Minnesota Statutes, section 469.1763, subdivision 3, 
  1.24  does not apply to the tax increment financing district. 
  2.1      (d) Notwithstanding Minnesota Statutes, section 469.176, 
  2.2   subdivision 1b, the maximum duration of the tax increment 
  2.3   financing district is 20 years from the receipt of the first tax 
  2.4   increment.  The authority must decertify the district after all 
  2.5   the costs of the public improvements identified in the increment 
  2.6   financing plan have been paid. 
  2.7      Subd. 3.  [EFFECTIVE DATE.] This section is effective upon 
  2.8   approval of the original tax increment financing plan for the 
  2.9   tax increment financing district by the affected school board, 
  2.10  county board, and township board or city council, and upon 
  2.11  approval of the governing body of the authority under Minnesota 
  2.12  Statutes, section 645.021, subdivision 2.