SF 2056

as introduced - 90th Legislature (2017 - 2018) Posted on 03/14/2017 09:55am

A bill for an act
relating to the city of Moorhead; extending the five-year rule for a tax increment
financing district.

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

Section 1. CITY OF MOORHEAD; TIF DISTRICT.

For purposes of Minnesota Statutes, section 469.1763, subdivision 3, paragraph (c), the
city of Moorhead's 1st Avenue North (Central Corridors) Redevelopment TIF district is
deemed to be certified on June 29, 2012, rather than its actual certification date of July 12,
2012, and Minnesota Statutes, section 469.1763, subdivisions 3 and 4, apply as if the district
were certified on that date.

EFFECTIVE DATE.

This section is effective upon approval by the governing body
of the city of Moorhead and upon compliance by the city with Minnesota Statutes, section
645.021, subdivisions 2 and 3.