MN HF2089

Authorizes the City of Apple Valley to create one or more redevelopment tax increment financing districts in the Mining Reclamation Project Area upon adoption of a tax increment financing plan.

Specifies 18 parcel numbers that comprise the eligible Mining Reclamation Project Area, including adjacent right-of-ways.

Exempts parcels in the Mining Reclamation Project Area from standard redevelopment district qualification requirements under Minnesota Statutes section 469.174, subdivision 10.

Allows tax increment revenues to be spent on improvements or activities within the Mining Reclamation Project Area, removing the typical limitation restricting spending outside the district.

Eliminates the five-year spending rule under Minnesota Statutes section 469.1763, subdivision 3, and sets an authorization expiration date of December 31, 2022.