as introduced - 88th Legislature (2013 - 2014) Posted on 03/13/2014 09:06am
A bill for an act
relating to taxation; tax increment financing; extending the five-year rule for
TIF District 2-5 in the city of Eagan.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
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The requirements of Minnesota Statutes, section 469.1763, subdivision 3, that
activities must be undertaken within a five-year period from the date of certification of a tax
increment financing district, is considered to be met for TIF District 2-5 in the city of Eagan
if the activities are undertaken within ten years from the date of certification of the district.
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This section is effective upon compliance by the governing
body of the city of Eagan with the requirements of Minnesota Statutes, section 645.021,
subdivisions 2 and 3.
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