as introduced - 87th Legislature (2011 - 2012) Posted on 05/10/2012 03:33pm
A bill for an act
relating to the city of Bloomington; allowing extension of a tax increment
financing district.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
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Notwithstanding the provisions of Minnesota Statutes, section 469.176, or any other
law to the contrary, the city of Bloomington and its port authority may extend the duration
limits of Tax Increment Financing District No. 1-I, containing the Bloomington Central
Station property for a period through December 31, 2038.
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This section is effective upon compliance of the governing
body of the city of Bloomington with the requirements of Minnesota Statutes, sections
469.1782, subdivision 2, and 645.021, subdivision 3.
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