HF 2630

as introduced - 89th Legislature (2015 - 2016) Posted on 03/08/2016 04:21pm

A bill for an act
relating to taxation; tax increment financing; modifying the project area for the
Maple Grove tax increment financing district; amending Laws 2014, chapter
308, article 6, section 9, subdivision 1.

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

Section 1.

Laws 2014, chapter 308, article 6, section 9, subdivision 1, is amended to
read:

Subdivision 1.

Definitions.

(a) For the purposes of this section, the following terms
have the meanings given them.

(b) "City" means the city of Maple Grove.

(c) "Project area" means new text begin all or a portion of new text end the area in the city commencing at a point
130 feet East and 120 feet North of the southwest corner of the Southeast Quarter of
Section 23, Township 119, Range 22, Hennepin County, said point being on the easterly
right-of-way line of Hemlock Lane; thence northerly along said easterly right-of-way line
of Hemlock Lane to a point on the west line of the east one-half of the Southeast Quarter of
section 23, thence south along said west line a distance of 1,200 feet; thence easterly to the
east line of Section 23, 1,030 feet North from the southeast corner thereof; thence South
74 degrees East 1,285 feet; thence East a distance of 1,000 feet; thence North 59 degrees
West a distance of 650 feet; thence northerly to a point on the northerly right-of-way line
of 81st Avenue North, 650 feet westerly measured at right angles, from the east line of
the Northwest Quarter of Section 24; thence North 13 degrees West a distance of 795
feet; thence West to the west line of the Southeast Quarter of the Northwest Quarter of
Section 24; thence North 55 degrees West to the south line of the Northwest Quarter of the
Northwest Quarter of Section 24; thence West along said south line to the east right-of-way
line of Zachary Lane; thence North along the east right-of-way line of Zachary Lane to
the southwest corner of Lot 1, Block 1, Metropolitan Industrial Park 5th Addition; thence
East along the south line of said Lot 1 to the northeast corner of Outlot A, Metropolitan
Industrial Park 5th Addition; thence South along the east line of said Outlot A and its
southerly extension to the south right-of-way line of County State-Aid Highway (CSAH)
109; thence easterly along the south right-of-way line of CSAH 109 to the east line of the
Northwest Quarter of the Northeast Quarter of Section 24; thence South along said east
line to the north line of the South Half of the Northeast Quarter of Section 24; thence East
along said north line to the westerly right-of-way line of Jefferson Highway North; thence
southerly along the westerly right-of-way line of Jefferson Highway to the centerline of
CSAH 130; thence continuing South along the west right-of-way line of Pilgrim Lane
North to the westerly extension of the north line of Outlot A, Park North Fourth Addition;
thence easterly along the north line of Outlot A, Park North Fourth Addition to the
northeast corner of said Outlot A; thence southerly along the east line of said Outlot A
to the southeast corner of said Outlot A; thence easterly along the south line of Lot 1,
Block 1, Park North Fourth Addition to the westerly right-of-way line of State Highway
169; thence southerly, southwesterly, westerly, and northwesterly along the westerly
right-of-way line of State Highway 169 and the northerly right-of-way line of Interstate
694 to its intersection with the southerly extension of the easterly right-of-way line of
Zachary Lane North; thence northerly along the easterly right-of-way line of Zachary
Lane North and its northerly extension to the north right-of-way line of CSAH 130; thence
westerly, southerly, northerly, southwesterly, and northwesterly to the point of beginning
and there terminating, provided that the project area includes the rights-of-way for all
present and future highway interchanges abutting the area described in this paragraph.

(d) "Soil deficiency district" means a type of tax increment financing district
consisting of a portion of the project area in which the city finds by resolution that the
following conditions exist:

(1) unusual terrain or soil deficiencies that occurred over 80 percent of the acreage in
the district require substantial filling, grading, or other physical preparation for use; and

(2) the estimated cost of the physical preparation under clause (1), but excluding
costs directly related to roads as defined in Minnesota Statutes, section 160.01, and
local improvements as described in Minnesota Statutes, sections 429.021, subdivision 1,
clauses (1) to (7), (11), and (12), and 430.01, exceeds the fair market value of the land
before completion of the preparation.

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 Maple Grove and compliance with the requirements of Minnesota
Statutes, section 645.021.
new text end