SF 3160

as introduced - 92nd Legislature (2021 - 2022) Posted on 02/18/2022 08:27am

A bill for an act
relating to taxation; tax increment financing; authorizing a tax increment financing
district in the city of Chatfield.

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

Section 1. new text begin CITY OF CHATFIELD; TIF AUTHORITY; ECONOMIC
DEVELOPMENT AUTHORIZATION.
new text end

new text begin Notwithstanding Minnesota Statutes, section 469.176, subdivision 4c, paragraph (b), or
any other law to the contrary, the city of Chatfield, or its economic development authority,
may establish an economic development district to construct a multilevel hotel on Mill
Creek Road and Division Street NW, south of Trunk Highway 30, in the city of Chatfield,
Olmsted County, provided that the first floor of the hotel not exceed 15,000 square feet.
For purposes of this section, "first floor" means the floor at street level where the public is
permitted to enter and exit.
new text end

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective the day after the governing body of the
city of Chatfield and its chief clerical officer comply with the requirements of Minnesota
Statutes, section 645.021, subdivisions 2 and 3.
new text end