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HF 529

as introduced - 88th Legislature (2013 - 2014) Posted on 02/13/2013 02:08pm

KEY: stricken = removed, old language.
underscored = added, new language.

Bill Text Versions

Engrossments
Introduction Posted on 02/13/2013

Current Version - as introduced

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

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

Section 1. new text beginCITY OF MAPLEWOOD; TAX INCREMENT FINANCING
DISTRICT; SPECIAL RULES.
new text end

new text begin (a) If the city of Maplewood elects, upon the adoption of a tax increment financing
plan for a district, the rules under this section apply to one or more redevelopment
tax increment financing districts established by the city or the economic development
authority of the city. The area within which the redevelopment tax increment districts may
be created is parcel 362922240002 (the "parcel") or any replatted parcels constituting
a part of the parcel and the adjacent rights-of-way and shall be referred to as the "3M
Renovation and Retention Project Area" or "project area."
new text end

new text begin (b) The requirements for qualifying redevelopment tax increment districts under
Minnesota Statutes, section 469.174, subdivision 10, do not apply to the parcel, which is
deemed eligible for inclusion in a redevelopment tax increment district.
new text end

new text begin (c) The 90 percent rule under Minnesota Statutes, section 469.176, subdivision
4j, does not apply to the parcel.
new text end

new text begin (d) The expenditures outside district rule under Minnesota Statutes, section
469.1763, subdivision 2; the five-year rule under Minnesota Statutes, section 469.1763,
subdivision 3; and the use of revenues for decertification in Minnesota Statutes, section
469.1763, subdivision 4, do not apply to the parcel; however, expenditures shall only
be made within the project area.
new text end

new text begin (e) If, after one year from the date of certification of the original net tax capacity
of the tax increment district, no demolition, rehabilitation, or renovation of property has
been commenced on a parcel located within the tax increment district, no additional tax
increment may be taken from that parcel, and the original net tax capacity of the parcel
shall be excluded from the original net tax capacity of the tax increment district. If 3M
Company subsequently commences demolition, rehabilitation, or renovation, the authority
shall certify to the county auditor that the activity has commenced, and the county auditor
shall certify the net tax capacity thereof as most recently certified by the commissioner
of revenue and add it to the original net tax capacity of the tax increment district. The
authority must submit to the county auditor evidence that the required activity has taken
place for each parcel in the district.
new text end

new text begin (f) The provisions of Minnesota Statutes, section 469.176, subdivision 4g, paragraph
(b), do not apply to a municipal fire station facility to be constructed within the project
area, which will be a city emergency operating center and will provide fire protection and
emergency medical services for the project area.
new text end

new text begin (g) The provisions of Minnesota Statutes, section 469.177, subdivision 1b, do not
apply to the first 412,000 square feet of new building.
new text end

new text begin (h) The authority to approve a tax increment financing plan and to establish a tax
increment financing district under this section expires December 31, 2018.
new text end

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective upon approval by the governing body
of the city of Maplewood and upon compliance by the city with Minnesota Statutes,
section 645.021, subdivision 3.
new text end