1.1 	A bill for an act
1.2 	relating to the city of Minnetonka; authorizing the city and its economic 
1.3 	development authority to extend the duration of a tax increment financing district.
1.4 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.5 	Section 1. CITY  OF MINNETONKA; TIF DISTRICT EXTENSION.
 1.6 	Notwithstanding the provisions of Minnesota Statutes, section 469.176, subdivision 
1.7 	1b, paragraph (a), clause (1), the governing bodies of the city of Minnetonka and its 
1.8 	economic development authority may elect to extend the maximum duration of the 
1.9 	Glenhaven Tax Increment Financing District by up to five years.

1.10 	EFFECTIVE DATE. This section is effective upon compliance with Minnesota 
1.11 	Statutes, sections 469.1782, subdivision 2, and 645.021, subdivision 3.