Bill Text: MN HF2089 | 2011-2012 | 87th Legislature | Introduced
Bill Title: Apple Valley; creation of tax increment financing district authorized.
Sponsorship: Partisan Bill (Republican 2)
Status: (Introduced - Dead) 2012-03-14 - Division action, to pass and return to Taxes [HF2089 Detail]
Download: Minnesota-2011-HF2089-Introduced.html
1.2relating to taxation; authorizing the city of Apple Valley to create a tax increment
1.3financing district.
1.4BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.5 Section 1. CITY OF APPLE VALLEY; TAX INCREMENT FINANCING
1.6DISTRICT; SPECIAL RULES.
1.7(a) If the city of Apple Valley elects upon the adoption of a tax increment financing
1.8plan for a district, the rules under this section apply to one or more redevelopment
1.9tax increment financing districts established by the city or the economic development
1.10authority of the city. The area within which the redevelopment tax increment districts
1.11may be created includes the following parcels and adjacent right-of-ways and shall be
1.12referred to as the Mining Reclamation Project Area: parcel numbers 01-03500-25-010,
1.1301-03500-03-011, 01-03500-02-010, 01-03600-28-011, 01-03600-25-010,
1.1401-03500-52-011, 01-03500-78-011, 01-03500-77-014, 01-03500-75-010,
1.1501-03400-05-050, 01-55900-00-020, 01-55900-00-010, 01-18250-01-010,
1.1601-03500-01-010, 01-03500-01-020, 01-03500-52-012, 01-03500-78-012.
1.17(b) The requirements for qualifying redevelopment tax increment districts under
1.18Minnesota Statutes, section 469.174, subdivision 10, do not apply to the parcels located
1.19within the Mining Reclamation Project Area, which are deemed eligible for inclusion
1.20in a redevelopment tax increment district.
1.21(c) The limitations on spending increments outside of the district under Minnesota
1.22Statutes, section 469.1763, subdivision 2, do not apply, but increments may only be
1.23expended on improvements or activities within the area defined in paragraph (a).
2.1(d) The five-year rule under Minnesota Statutes, section 469.1763, subdivision 3,
2.2does not apply to the Mining Reclamation Project Area.
2.3(e) The authority to approve tax increment financing plans and to establish one or
2.4more tax increment financing districts under this section expires on December 31, 2022.
2.5EFFECTIVE DATE.This section is effective upon approval by the governing body
2.6of the city of Apple Valley and upon compliance by the city with Minnesota Statutes,
2.7section 645.021, subdivision 3.
1.3financing district.
1.4BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.5 Section 1. CITY OF APPLE VALLEY; TAX INCREMENT FINANCING
1.6DISTRICT; SPECIAL RULES.
1.7(a) If the city of Apple Valley elects upon the adoption of a tax increment financing
1.8plan for a district, the rules under this section apply to one or more redevelopment
1.9tax increment financing districts established by the city or the economic development
1.10authority of the city. The area within which the redevelopment tax increment districts
1.11may be created includes the following parcels and adjacent right-of-ways and shall be
1.12referred to as the Mining Reclamation Project Area: parcel numbers 01-03500-25-010,
1.1301-03500-03-011, 01-03500-02-010, 01-03600-28-011, 01-03600-25-010,
1.1401-03500-52-011, 01-03500-78-011, 01-03500-77-014, 01-03500-75-010,
1.1501-03400-05-050, 01-55900-00-020, 01-55900-00-010, 01-18250-01-010,
1.1601-03500-01-010, 01-03500-01-020, 01-03500-52-012, 01-03500-78-012.
1.17(b) The requirements for qualifying redevelopment tax increment districts under
1.18Minnesota Statutes, section 469.174, subdivision 10, do not apply to the parcels located
1.19within the Mining Reclamation Project Area, which are deemed eligible for inclusion
1.20in a redevelopment tax increment district.
1.21(c) The limitations on spending increments outside of the district under Minnesota
1.22Statutes, section 469.1763, subdivision 2, do not apply, but increments may only be
1.23expended on improvements or activities within the area defined in paragraph (a).
2.1(d) The five-year rule under Minnesota Statutes, section 469.1763, subdivision 3,
2.2does not apply to the Mining Reclamation Project Area.
2.3(e) The authority to approve tax increment financing plans and to establish one or
2.4more tax increment financing districts under this section expires on December 31, 2022.
2.5EFFECTIVE DATE.This section is effective upon approval by the governing body
2.6of the city of Apple Valley and upon compliance by the city with Minnesota Statutes,
2.7section 645.021, subdivision 3.
