MN HF4771

Applies special tax increment financing rules to the renewal and renovation tax increment financing district established in 2021 by the Economic Development Authority in the City of Minnetonka.

Deems the district to automatically meet Minnesota Statutes section 469.176, subdivision 4j requirements without separate compliance verification.

Expands eligible expenditures within the district to include infrastructure, environmental remediation, demolition, land acquisition, parking facilities, and costs detailed in the December 2020 Final Alternative Urban Area Review Opus Study Area.

Extends the five-year activity completion deadline to ten years from the date of district certification.

Eliminates the six-year rule requirements that would otherwise apply under Minnesota Statutes section 469.1763, subdivision 4.