SF 3387

as introduced - 86th Legislature (2009 - 2010) Posted on 04/26/2010 07:14pm

A bill for an act
relating to taxation; authorizing the cities of Arden Hills, Hilltop, New Brighton,
Shoreview, and St. Anthony Village to establish housing replacement tax
increment financing districts; amending Laws 1995, chapter 264, article 5,
sections 44, subdivision 4, as amended; 45, subdivision 1, as amended.

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

Section 1.

Laws 1995, chapter 264, article 5, section 44, subdivision 4, as amended
by Laws 1996, chapter 471, article 7, section 21, Laws 1997, chapter 231, article 10,
section 12, Laws 2008, chapter 154, article 9, section 18, and Laws 2010, chapter 216,
section 45, is amended to read:

Subd. 4.

Authority.

For housing replacement projects in the city of Crystal,
"authority" means the Crystal economic development authority. For housing replacement
projects in the city of Fridley, "authority" means the housing and redevelopment authority
in and for the city of Fridley or a successor in interest. For housing replacement
projects in the city of Minneapolis, "authority" means the Minneapolis community
development agency or its successors and assigns. For housing replacement projects
in the city of St. Paul, "authority" means the St. Paul housing and redevelopment
authority. For housing replacement projects in the city of Duluth, "authority" means the
Duluth economic development authority. For housing replacement projects in the city of
Richfield, "authority" is the authority as defined in Minnesota Statutes, section 469.174,
subdivision 2, that is designated by the governing body of the city of Richfield. For
housing replacement projects in the city of Columbia Heights, "authority" is the authority
as defined in Minnesota Statutes, section 469.174, subdivision 2, that is designated by
the governing body of the city of Columbia Heights. For housing replacement projects in
the city of Brooklyn Park, "authority" is the authority as defined in Minnesota Statutes,
section 469.174, subdivision 2, that is designated by the governing body of the city of
Brooklyn Park. new text begin For housing replacement projects in the city of Arden Hills, "authority"
is the authority as defined in Minnesota Statutes, section 469.174, subdivision 2, that is
designated by the governing body of the city of Arden Hills. For housing replacement
projects in the city of Hilltop, "authority" is the authority as defined in Minnesota Statutes,
section 469.174, subdivision 2, that is designated by the governing body of the city of
Hilltop. For housing replacement projects in the city of New Brighton, "authority" is
the authority as defined in Minnesota Statutes, section 469.174, subdivision 2, that is
designated by the governing body of the city of New Brighton. For housing replacement
projects in the city of Shoreview, "authority" is the authority as defined in Minnesota
Statutes, section 469.174, subdivision 2, that is designated by the governing body
of Shoreview. For housing replacement projects in the city of St. Anthony Village,
"authority" is the authority as defined in Minnesota Statutes, section 469.174, subdivision
2, that is designated by the governing body in the city of St. Anthony Village.
new text end

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective the day following final enactment and
applies to the cities of Arden Hills, Hilltop, New Brighton, Shoreview, and St. Anthony
Village without local approval under Minnesota Statutes, section 645.023, subdivision 1,
paragraph (a).
new text end

Sec. 2.

Laws 1995, chapter 264, article 5, section 45, subdivision 1, as amended by
Laws 1996, chapter 471, article 7, section 22, Laws 1997, chapter 231, article 10, section
13, Laws 2002, chapter 377, article 7, section 6, Laws 2008, chapter 154, article 9, section
19, and Laws 2010, chapter 216, section 46, is amended to read:

Subdivision 1.

Creation of projects.

(a) An authority may create a housing
replacement project under sections 44 to 47, as provided in this section.

(b) For the cities of Crystal, Fridley, Richfield, Columbia Heights, deleted text begin and deleted text end Brooklyn
Park, new text begin Arden Hills, Hilltop, New Brighton, Shoreview, and St. Anthony Village, new text end the
authority may designate up to 100 parcels in the city to be included in a housing
replacement district over the life of a district or districts. For the cities of St. Paul and
Duluth, each authority may designate not more than 200 parcels in the city to be included
in a housing replacement district over the life of the district. For the city of Minneapolis,
the authority may designate not more than 500 parcels in the city to be included in housing
replacement districts over the life of the districts. The only parcels that may be included
in a district are (1) vacant sites, (2) parcels containing vacant houses, or (3) parcels
containing houses that are structurally substandard, as defined in Minnesota Statutes,
section 469.174, subdivision 10.

(c) The city in which the authority is located must pay at least 25 percent of the
housing replacement project costs from its general fund, a property tax levy, or other
unrestricted money, not including tax increments.

(d) The housing replacement district plan must have as its sole object the acquisition
of parcels for the purpose of preparing the site to be sold for market rate housing. As
used in this section, "market rate housing" means housing that has a market value that
does not exceed 150 percent of the average market value of single-family housing in that
municipality.

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective the day following final enactment
and applies to the affected cities without local approval under Minnesota Statutes, section
645.023, subdivision 1, paragraph (a).
new text end