Skip to main content Skip to office menu Skip to footer
Capital IconMinnesota Legislature

HF 3357

as introduced - 86th Legislature (2009 - 2010) Posted on 03/03/2010 04:31pm

KEY: stricken = removed, old language.
underscored = added, new language.

Bill Text Versions

Engrossments
Introduction Posted on 03/03/2010

Current Version - as introduced

Line numbers 1.1 1.2 1.3 1.4
1.5 1.6 1.7 1.8 1.9 1.10 1.11 1.12 1.13 1.14 1.15 1.16 1.17 1.18 1.19 1.20
1.21 1.22 1.23

A bill for an act
relating to the city of Oakdale; extending duration of a tax increment financing
district.

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

Section 1. new text beginOAKDALE; TAX INCREMENT FINANCING DISTRICT.
new text end

new text begin Subdivision 1. new text end

new text begin Duration of district. new text end

new text begin Notwithstanding the provisions of Minnesota
Statutes, section 469.176, subdivision 1b, the city of Oakdale may collect tax increments
from Tax Increment Financing District No. 6 (Bergen Plaza) through December 31, 2024,
subject to the conditions described in subdivision 2.
new text end

new text begin Subd. 2. new text end

new text begin Conditions for extension. new text end

new text begin (a) Subdivision 1 applies only if, by November
1, 2011, the city of Oakdale or a private developer commences construction of streets,
traffic improvements, water, sewer, or related infrastructure that serves one or both
of the parcels with the following parcel identification numbers: 2902921330001 and
2902921330005. For the purposes of this section, construction commences upon grading
or other visible improvements that are part of the subject infrastructure.
new text end

new text begin (b) All tax increments received by the city of Oakdale under subdivision 1
after December 31, 2016, must be used only to pay costs that are both (i) related to
redevelopment of the parcels specified in this subdivision, including without limitation
any of the infrastructure referenced in this subdivision; and (ii) otherwise eligible under
law to be paid with increments from the specified tax increment financing district.
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 Oakdale with the requirements of Minnesota Statutes, sections
469.1782, subdivision 2, and 645.021, subdivision 3.
new text end