HF 428

as introduced - 93rd Legislature (2023 - 2024) Posted on 01/17/2023 11:39am

A bill for an act
relating to taxation; tax increment financing; authorizing special rules for the city
of West Saint Paul.

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

Section 1. new text begin CITY OF WEST SAINT PAUL; TIF AUTHORITY.
new text end

new text begin Subdivision 1. new text end

new text begin Establishment. new text end

new text begin Under the special rules established in subdivision 2, the
economic development authority of the city of West Saint Paul or the city of West Saint
Paul may establish one or more redevelopment tax increment financing districts consisting
of the parcels in the city of West Saint Paul, Dakota County, Minnesota, currently identified
with the following parcel identification numbers: 42-83680-01-011, 42-11561-00-010,
42-11561-01-010, 42-11560-01-021, 42-11561-00-020, 42-11560-01-022, as the same may
be replatted or reconfigured, together with adjacent roads and rights-of-way.
new text end

new text begin Subd. 2. new text end

new text begin Special rules. new text end

new text begin If the city or authority establishes one or more tax increment
financing districts under this section, the following special rules apply:
new text end

new text begin (1) the districts are deemed to meet all the requirements of Minnesota Statutes, section
469.174, subdivision 10; and
new text end

new text begin (2) expenditures incurred in connection with the development of the property described
in subdivision 1 are deemed to meet the requirements of Minnesota Statutes, section 469.176,
subdivision 4j.
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 West Saint Paul and its chief clerical officer comply with Minnesota Statutes, section
645.021, subdivisions 2 and 3.
new text end