Loading chat...

MN SF1646

Bill

Status

Introduced

2/2/2012

Primary Sponsor

Julianne Ortman

Click for details

Origin

Senate

87th Legislature 2011-2012

AI Summary

  • Authorizes the city of Bloomington and its port authority to extend the duration limits of tax increment financing district No. 1-G (containing the former Met Center property, including Lindau Lane) through December 31, 2038.

  • Allows extension of portions of tax increment financing district No. 1-C north of the existing building line on Lot 1, Block 1, Mall of America 7th Addition (exclusive of Lots 2 and 3) through the same date.

  • Overrides existing provisions in Minnesota Statutes section 469.176 and Laws 1996, chapter 464, article 1, section 8 that would otherwise limit the duration of these districts.

  • Takes effect upon the city of Bloomington's compliance with Minnesota Statutes sections 469.1782, subdivision 2, and 645.021, subdivision 3.

Legislative Description

Bloomington tax increment financing (TIF) district duration time limits extension

Last Action

Withdrawn and re-referred to Taxes

2/23/2012

Committee Referrals

Taxes2/23/2012
Local Government and Elections2/2/2012

Full Bill Text

No bill text available