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MN SF2109
Bill
Status
2/27/2012
Primary Sponsor
John Howe
Click for details
AI Summary
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Modifies the definition of "structurally substandard" buildings in tax increment financing redevelopment districts by changing the threshold from "more than 50 percent" to "50 percent or more" of buildings requiring substantial renovation or clearance.
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Allows municipalities to determine buildings are not disqualified as structurally substandard based on reasonably available evidence without requiring an independent expert appraisal.
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Permits municipalities to skip interior property inspections if they cannot gain access after best efforts and have other reliable evidence (such as fire/police inspections or exterior deterioration) supporting a finding of structural substandard condition.
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Requires written documentation of findings and reasons when interior inspections are not conducted, to be retained under section 469.175, subdivision 3.
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Becomes effective the day following final enactment.
Legislative Description
Tax increment financing (TIF) redevelopment district definition modification
Last Action
Referred to Taxes
2/27/2012