MN SF1476

Extends the five-year rule to ten years and the increment use period to 11 years for Tax Increment Financing District 72nd & France 2 in Edina

Allows the city of Edina or its housing and redevelopment authority to extend the duration of the 72nd & France 2 TIF district by five years

Extends the five-year rule to ten years and the increment use period to 11 years for Tax Increment Financing District 70th & France in Edina

Allows the city of Edina or its housing and redevelopment authority to extend the duration of the 70th & France TIF district by ten years

Requires approval from the city of Edina, Hennepin County, and Independent School District No. 273 for the duration extensions to take effect