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SF 2068

as introduced - 87th Legislature (2011 - 2012) Posted on 05/10/2012 03:33pm

KEY: stricken = removed, old language.
underscored = added, new language.
Version List Authors and Status
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Current Version - as introduced

Line numbers 1.1 1.2 1.3 1.4
1.5 1.6 1.7 1.8 1.9 1.10
1.11 1.12 1.13

A bill for an act
 relating to the city of Bloomington; allowing extension of a tax increment
financing district.

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

Section 1. new text begin CITY OF BLOOMINGTON; TAX INCREMENT FINANCING
EXTENSION.
new text end

new text begin Notwithstanding the provisions of Minnesota Statutes, section 469.176, or any other
law to the contrary, the city of Bloomington and its port authority may extend the duration
limits of Tax Increment Financing District No. 1-I, containing the Bloomington Central
Station property for a period through December 31, 2038.
 new text end

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective upon compliance of the governing
body of the city of Bloomington with the requirements of Minnesota Statutes, sections
469.1782, subdivision 2, and 645.021, subdivision 3.
 new text end