1.1 	A bill for an act
1.2 	relating to tax increment financing; authorizing the city of Bloomington to extend 
1.3 	the duration of two districts.
1.4 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.5 	Section 1. CITY OF BLOOMINGTON; TIF EXTENSION.
 1.6 	Notwithstanding the provisions of Minnesota Statutes, section 469.176, or Laws 
1.7 	1996, chapter 464, article 1, section 8, or any other law to the contrary, the city of 
1.8 	Bloomington and its port authority may elect to extend the duration limits of the following 
1.9 	tax increment financing districts by an additional number of years up to the specified 
1.10 	periods of time:
1.11 	(1) tax increment financing district No. 1-C, containing the Mall of America 
1.12 	development, for a period up through December 31, 2035; and
1.13 	(2) tax increment financing district No. 1-G, containing the former Met Center 
1.14 	property, for a period up through December 31, 2038.

1.15 	EFFECTIVE DATE. This section is effective upon compliance by the governing 
1.16 	body of the city of Bloomington with the requirements of Minnesota Statutes, section 
1.17 	645.021, and by the governing bodies of the county, city, and school district as required 
1.18 	by Minnesota Statutes, section 469.1782, subdivision 2.