HF 3082

as introduced - 88th Legislature (2013 - 2014) Posted on 03/13/2014 02:55pm

A bill for an act
relating to the city of North St. Paul; tax increment financing; authorizing parcels
deemed occupied.

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

Section 1. new text begin CITY OF NORTH ST. PAUL; TAX INCREMENT FINANCING;
PARCELS DEEMED OCCUPIED.
new text end

new text begin (a) If the city of North St. Paul authorizes the creation of a redevelopment tax
increment financing district under Minnesota Statutes, section 469.174, subdivision 10,
parcel number 122922330059 is 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) buildings located on the parcel were demolished after the city of North St. Paul
adopted a resolution under Minnesota Statutes, section 469.174, subdivision 10, paragraph
(d), clause (3);
new text end

new text begin (2) the buildings were removed either by the city of North St. Paul or by the owner
of the property by entering into a development agreement; 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 city of North St. Paul may elect to use the current value for purposes of
calculating original net tax capacity 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 North St. Paul with the requirements of Minnesota Statutes, section
645.021, subdivisions 2 and 3.
new text end