HF 3153

as introduced - 83rd Legislature (2003 - 2004) Posted on 12/15/2009 12:00am

  1.1                          A bill for an act 
  1.2             relating to the city of New Brighton; changing certain 
  1.3             requirements relating to a tax increment financing 
  1.4             district; amending Laws 1998, chapter 389, article 11, 
  1.5             section 24, subdivisions 1, 2. 
  1.6   BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
  1.7      Section 1.  Laws 1998, chapter 389, article 11, section 24, 
  1.8   subdivision 1, is amended to read: 
  1.9      Subdivision 1.  [SPECIAL RULES.] (a) If the city elects 
  1.10  upon the adoption of the tax increment financing plan for the 
  1.11  district, the rules under this section apply to redevelopment or 
  1.12  soils condition tax increment financing districts established by 
  1.13  the city of New Brighton or a development authority of the city 
  1.14  in the area bounded on the north by the south boundary line of 
  1.15  tax increment district number 8 extended to Long Lake regional 
  1.16  park, on the east by interstate highway 35W, on the south by 
  1.17  interstate highway 694, and on the west by Long Lake regional 
  1.18  park. 
  1.19     (b) The five-year rule under Minnesota Statutes, section 
  1.20  469.1763, subdivision 3, is extended to nine ten years for the 
  1.21  district. 
  1.22     (c) The limitations on spending increment outside of the 
  1.23  district under Minnesota Statutes, section 469.1763, subdivision 
  1.24  2, do not apply, but increments may only be expended on 
  1.25  improvements or activities within the area defined in paragraph 
  2.1   (a). 
  2.2      (d) The certified original local tax rate for the district 
  2.3   under Minnesota Statutes, section 469.177, subdivision 1a, does 
  2.4   not apply. 
  2.5      (e) The requirements for qualifying a redevelopment 
  2.6   district under Minnesota Statutes, section 469.174, subdivision 
  2.7   10, do not apply to the 17 parcels identified as 
  2.8   20-30-23-13-0004, 20-30-23-14-0004, 20-30-23-14-0003, 
  2.9   20-30-23-41-0001, 21-30-23-32-0009, 21-30-23-32-0010, 
  2.10  20-30-23-41-0015, 20-30-23-41-0003, 21-30-23-32-0013, 
  2.11  20-30-23-41-0004, 20-30-23-41-0016, 20-30-23-41-0005, 
  2.12  20-30-23-41-0006, 20-30-23-41-0007, 20-30-23-41-0014, 
  2.13  20-30-23-41-0010, and 20-30-23-44-0002.  The area of each parcel 
  2.14  shall be deemed eligible for the purpose of qualifying for 
  2.15  inclusion in a redevelopment district. 
  2.16     Sec. 2.  Laws 1998, chapter 389, article 11, section 24, 
  2.17  subdivision 2, is amended to read: 
  2.18     Subd. 2.  [EXPIRATION.] (a) The exception from the 
  2.19  limitations of Minnesota Statutes, section 469.1763, subdivision 
  2.20  2, expires 18 years after the receipt of the first increment 
  2.21  from a district to which the city has elected that this section 
  2.22  applies. 
  2.23     (b) The authority to approve tax increment financing plans 
  2.24  to establish a tax increment financing district under this 
  2.25  section expires on December 31, 2008 2013. 
  2.26     [EFFECTIVE DATE.] This section is effective upon approval 
  2.27  by the governing bodies of the city of New Brighton and Ramsey 
  2.28  County and upon compliance by the city with Minnesota Statutes, 
  2.29  section 645.021, subdivision 3.