SF 3390

as introduced - 85th Legislature (2007 - 2008) Posted on 12/15/2009 12:00am

A bill for an act
relating to the city of Duluth; authorizing extension of time for certain activities
in certain tax increment financing districts.

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

Section 1. new text begin CITY OF DULUTH; EXTENSION OF TIME FOR ACTIVITY IN
TAX INCREMENT FINANCING DISTRICT NO. 20.
new text end

new text begin 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, must be considered to be met for Duluth Economic
Development Authority Tax Increment Financing District No. 20 if the activities are
undertaken within ten years from the date of certification of the district.
new text end

Sec. 2. new text begin CITY OF DULUTH; EXTENSION OF TIME FOR ACTIVITY IN TAX
INCREMENT FINANCING DISTRICT NO. 21.
new text end

new text begin 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, must be considered to be met for Duluth Economic
Development Authority Tax Increment Financing District No. 21 if the activities are
undertaken within ten years from the date of certification of the district.
new text end

Sec. 3. new text begin EFFECTIVE DATE.
new text end

new text begin Sections 1 and 2 are effective upon compliance by the governing body of the city of
Duluth with the requirements of Minnesota Statutes, section 645.021.
new text end