as introduced - 85th Legislature (2007 - 2008) Posted on 12/15/2009 12:00am
Engrossments | ||
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Introduction | Posted on 02/18/2008 |
A bill for an act
relating to taxation; authorizing extended duration limits for certain
redevelopment tax increment financing districts in the city of Oakdale.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
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(a) Notwithstanding Minnesota Statutes, section 469.176, subdivision 1b, the
Housing and Redevelopment Authority in and for the city of Oakdale may create a
redevelopment tax increment district that has a duration limit of 35 years after receipt of
the first increment in each of the areas described in paragraph (b).
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(b) The district or districts may be created in either or both of the areas
comprised of the parcels with the following parcel identification numbers: (1)
3102921320053; 3102921320054; 3102921320055; 3102921320056; 3102921320057;
3102921320058; 3102921320062; 3102921320063; 3102921320059; 3102921320060;
and 3102921320061; and (2) 3102921330005 and 3102921330004.
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This section is effective upon
approval by the governing body of the city of Oakdale, and compliance with Minnesota
Statutes, section 645.021, subdivision 3.
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