MN SF474

Allows the city of Woodbury to use tax increment financing generated from Tax Increment Financing District No. 13 for maintenance and facility and infrastructure upgrades to Central Park.

Deems all Central Park expenditures as activities within the district for tax increment financing purposes, notwithstanding Minnesota Statutes section 469.1763, subdivision 2.

Permits the city of Woodbury to extend the duration of Tax Increment Financing District No. 13 by five years, notwithstanding Minnesota Statutes section 469.176, subdivision 1b.

Paragraph (a) becomes effective the day after Woodbury's governing body and chief clerical officer comply with Minnesota Statutes section 645.021, subdivisions 2 and 3.

Paragraph (b) becomes effective upon compliance by the city of Woodbury, Washington County, and Independent School District No. 833 with Minnesota Statutes section 469.1782, subdivision 2.