as introduced - 84th Legislature (2005 - 2006) Posted on 12/15/2009 12:00am
A bill for an act
relating to the city of St. Paul; authorizing the
Housing and Redevelopment Authority to establish tax
increment financing subdistricts.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
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For its tax increment financing districts
identified in subdivision 2, the Housing and Redevelopment
Authority of the city of St. Paul may establish subdistricts up
to the number set forth for each tax increment financing
district in subdivision 2. The subdistricts shall be treated as
set forth in subdivision 3, notwithstanding the provisions of
any other law to the contrary.
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The tax
increment financing districts with the following Ramsey County
identification numbers may be divided into a number of
subdistricts not to exceed the number set forth as follows: No.
224/233, six subdistricts; No. 225, six subdistricts; No. 228,
three subdistricts; and No. 234, two subdistricts.
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new text begin All parcels in a tax
increment financing district listed in subdivision 2 must be
assigned to a subdistrict. Each subdistrict established
pursuant to this section shall consist of those parcels in the
tax increment financing district which are designated by the
commissioners of the Housing and Redevelopment Authority of the
city of St. Paul by resolution, which parcels need not be
contiguous. For purposes of determining tax increments and the
parcels treated as paying tax increments, each subdistrict shall
be treated as a separate tax increment district.
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This section is effective the day after
the governing body of St. Paul and its chief clerical officer
comply with Minnesota Statutes, section 645.021, subdivisions 2
and 3.
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