as introduced - 86th Legislature (2009 - 2010) Posted on 03/04/2010 03:23pm
A bill for an act
relating to the city of Sauk Rapids; extending duration of a tax increment
financing district; authorizing certain expenditures.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
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Notwithstanding the provisions of Minnesota Statutes, section 469.176, subdivision
1b, the Sauk Rapids Housing and Redevelopment Authority may collect tax increment
from Tax Increment Financing District No. 4 through December 31, 2015.
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Notwithstanding anything to the contrary in Minnesota Statutes, section 469.176,
subdivision 4g, paragraph (b), tax increment received from Tax Increment Financing
District No. 4 may be used to pay for costs of constructing a building to be used as a city
hall and public safety facility in the city of Sauk Rapids, together with all costs of design,
engineering, land acquisition, site improvements, and infrastructure to serve such building.
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This act is effective upon compliance by the governing body of the city of Sauk
Rapids with the requirements of Minnesota Statutes, sections 469.1782, subdivision 2, and
645.021, subdivision 3.
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