MN HF2497

Dakota County Community Development Authority authorized to create a redevelopment tax increment financing district comprised of properties from the CDA 10 Robert and South Street district in West St. Paul that were not decertified before July 1, 2012.

District terminates no later than December 31, 2027, with an original tax capacity of $93,239.

Standard qualifying requirements under Minnesota Statutes section 469.174, subdivision 10, do not apply to parcels in the district, and certain statutory provisions regarding redevelopment districts are waived.

Tax increment from the district may be expended for eligible activities authorized under Minnesota Statutes chapter 469 within the redevelopment area.

Captured tax capacity of the district must be included in adjusted net tax capacity calculations for local government aid, education aid, and county program aid, with the county auditor required to report this amount to the commissioner of revenue.