Minnesota Session Laws - 1988, Regular Session

  

                         Laws of Minnesota 1988 

                        CHAPTER 678-H.F.No. 1865 
           An act relating to the town of White Bear; authorizing 
          the town of White Bear to establish an economic 
          development authority and economic development 
          districts, and to exercise tax increment financing 
          powers; giving the town of White Bear the powers of a 
          city with respect to the authority. 
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
    Section 1.  [TOWN OF WHITE BEAR; ECONOMIC DEVELOPMENT.] 
    Subdivision 1.  [ECONOMIC DEVELOPMENT AUTHORITY.] The town 
of White Bear may establish an economic development authority.  
The town must establish the authority in the manner provided in 
Minnesota Statutes, sections 469.091 to 469.101, and may impose 
the limits on the authority enumerated in Minnesota Statutes, 
section 469.092.  An authority established under this 
subdivision has all the powers and duties granted to or imposed 
upon economic development authorities under Minnesota Statutes, 
sections 469.090 to 469.106 and 469.174 to 469.178. 
    Subd. 2.  [POWERS OF A CITY OR MUNICIPALITY.] The town of 
White Bear and its governing body have all the powers and duties 
granted to or imposed on (1) a city and the governing body of a 
city under Minnesota Statutes, sections 469.090 to 469.107, 
including the power to levy a tax subject to referendum under 
Minnesota Statutes, section 469.107; and (2) a municipality and 
the governing body of a municipality under Minnesota Statutes, 
sections 469.174 to 469.178 with respect to a project undertaken 
by an economic development authority under subdivision 1. 
    Sec. 2.  [TOWN OF WHITE BEAR; DEVELOPMENT DISTRICT.] 
    Subdivision 1.  [DEVELOPMENT DISTRICT.] The town of White 
Bear may establish one or more economic development districts to 
facilitate development within the town and for such purpose may 
exercise all of the powers granted to a city under Minnesota 
Statutes, sections 469.124 to 469.134. 
    Subd. 2.  [TAX INCREMENT FINANCING.] The town of White Bear 
and its governing body have all the powers and duties granted to 
or imposed on a city and the governing body of a city under 
Minnesota Statutes, sections 469.174 to 469.179, with respect to 
any development undertaken in a development district created 
pursuant to subdivision 1. 
    Sec. 3.  [LOCAL APPROVAL; EFFECTIVE DATE.] 
    Under Minnesota Statutes, section 645.023, subdivision 1, 
paragraph (a), sections 1 and 2 are effective without local 
approval July 1, 1988. 
    Approved April 27, 1988