as introduced - 86th Legislature (2009 - 2010) Posted on 03/02/2010 11:14am
A bill for an act
relating to tax increment financing; city of Landfall Village; extending the
five-year rule for a district.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
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The requirement 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, is considered to be met for Tax Increment Financing
District No. 1-1 in the city of Landfall Village if the activities were undertaken within
eight years from the date of certification of the district.
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This section is effective upon compliance by the governing
body of the city of Landfall with the requirements of Minnesota Statutes, section 645.021,
subdivision 3.
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