Loading chat...
MN HF4419
Bill
Status
3/12/2020
Primary Sponsor
Jerry Hertaus
Click for details
AI Summary
-
Authorizes the city of Maple Plain to establish a redevelopment tax increment financing district within two specific parcels (PID numbers 2411824340069 and 2411824340028)
-
Exempts the district from standard Minnesota Statutes requirements under section 469.174, subdivision 10, deeming it automatically compliant with all requirements
-
Extends the five-year rule under Minnesota Statutes section 469.1763, subdivision 3, to a ten-year period for this district
-
Authority to approve a tax increment financing plan under this provision expires December 31, 2025
-
Takes effect the day after the city of Maple Plain's governing body and chief clerical officer comply with Minnesota Statutes section 645.021
Legislative Description
Maple Plain; tax increment financing district establishment authorized.
Last Action
Introduction and first reading, referred to Property and Local Tax Division
3/12/2020