as introduced - 80th Legislature (1997 - 1998) Posted on 12/15/2009 12:00am
1.1 A bill for an act 1.2 relating to local government; permitting a time 1.3 extension for commencement of activities in a tax 1.4 increment financing district in the city of Onamia. 1.5 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 1.6 Section 1. [CITY OF ONAMIA; USE OF TAX INCREMENT 1.7 FINANCING.] 1.8 Subdivision 1. [APPLICATION OF TIME LIMIT.] For tax 1.9 increment financing district no. 1-1, established April 14, 1.10 1993, by the city of Onamia, Minnesota Statutes, section 1.11 469.1763, subdivision 3, applies to the district by permitting a 1.12 period of ten years for commencement of activities within the 1.13 district. 1.14 Subd. 2. [EFFECTIVE DATE.] This section is effective upon 1.15 approval by the governing body of the city of Onamia and 1.16 compliance with Minnesota Statutes, section 645.021, subdivision 1.17 3.