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MN HF2357
Bill
Status
2/20/2012
Primary Sponsor
Mike Nelson
Click for details
AI Summary
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Brooklyn Park Economic Development Authority may use tax increment financing powers under Minnesota Statutes section 469.176, subdivision 4m, to assist development of an aquatic performance and wellness center on parcel number 2911921340004.
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Construction of the aquatic center must commence before July 1, 2013, with authority to spend increments expiring on July 1, 2014.
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Authority may spend tax increment financing district funds to provide any form of assistance for development of the specified parcel, notwithstanding other state laws and limitations.
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Effective date is upon compliance by Brooklyn Park with Minnesota Statutes section 645.021, subdivision 3.
Legislative Description
Brooklyn Park; special tax increment financing rules provided.
Last Action
Division action, to pass and return to Taxes
3/14/2012