Minnesota Legislature
SF 1843
as introduced - 85th Legislature (2007 - 2008) Posted on 12/15/2009 12:00am
Current Version - as introduced
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A bill for an act
relating to the city of Eagan; authorizing creation of a tax increment financing
district.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
Section 1. new text begin ESTABLISHMENT.
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(a) The city of Eagan may establish within the corporate boundaries of the city one or
more economic development tax increment financing districts subject to the special rules
under section 2. The districts must be located within the area described in paragraph (b).
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(b) For purposes of this section, the "area" is defined as Section 13, Township 27,
Range 23, Dakota County, Minnesota.
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Sec. 2. new text begin SPECIAL RULES.
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(a) If the city elects upon adoption of the tax increment financing plan for the
district, the rules under this section apply to the district.
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(b) The limitations in Minnesota Statutes, section 469.176, subdivision 4c, on
spending increment for developments more than 15 percent of the square footage of which
is used for purposes other than those listed in that subdivision, do not apply.
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(c) Increments may be expended on parking, including structured parking, wetland
mitigation, sanitary sewer, storm sewer, water, and street improvements inside and outside
the area defined in section 1, paragraph (b), wherever located, whether or not included
in a tax increment financing district, and without regard to any limitations in Minnesota
Statutes, section 469.1763, subdivision 2, if the improvements are related to development
within the area defined in section 1, paragraph (b), and on administrative expenses.
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(d) The provisions of Minnesota Statutes, section 469.177, subdivision 1a, regarding
original local tax rate do not apply.
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Sec. 3. new text begin EXPIRATION.
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The authority to approve tax increment financing plans to establish tax increment
financing districts under this act expires on December 31, 2008.
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Sec. 4. new text begin EFFECTIVE DATE.
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This act is effective upon compliance by the city of Eagan with Minnesota Statutes,
section 645.021.
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