as introduced - 86th Legislature (2009 - 2010) Posted on 02/09/2010 02:18am
A bill for an act
relating to taxation; authorizing creation of a tax increment financing district by
the Seaway Port Authority of Duluth that is exempt from the five-year rule.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
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If the Seaway Port Authority of Duluth adopts a tax increment financing plan
or plans and the governing body of the city of Duluth approves the plan or plans
for one or more tax increment financing districts consisting of one or more parcels
identified as: 010-2730-00010; 010-2730-00020; 010-2730-00040; 010-2730-00050;
010-2730-00070; 010-2730-00080; 010-2730-00090; 010-2730-00100; 010-2730-00160;
010-2730-00180; 010-2730-00200; 010-2730-01250; 010-2730-01340; 010-2730-01350;
010-2730-01490; 010-2730-01500; 010-2730-01510; 010-2730-01520; 010-2730-01530;
010-2730-01540; 010-2730-01550; 010-2730-01560; 010-2730-01570; 010-2730-01580;
010-2730-01590; 010-2730-1300; 010-2746-1330; 010-2746-1440; 010-2746-1380;
010-3300-4560; 010-3300-4565; 010-3300-04570; 010-3300-04580; 010-3300-04640;
010-3300-04645; 010-3300-04650, the five-year rule under Minnesota Statutes, section
469.1763, subdivision 3, does not apply to the district or districts.
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This section is effective upon approval by the governing
body of the city of Duluth and compliance with Minnesota Statutes, section 645.021,
subdivision 3.
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