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<br />H.F. No. 3729, Conference Committee Report - 86th Legislative Session (2009-2010) Pos... Page 1 of 1 <br /> <br />114.20 <br />114.21 <br />114.22 <br />114.23 <br />114.24 <br />114.25 <br />114.26 <br />114.27 <br />114.28 <br />114.29 <br />114.30 <br />114.31 <br />114.32 <br />115.1 <br />115.2 <br />115.3 <br />115.4 <br />115.5 <br />115.6 <br />115.7 <br />115.8 <br />115.9 <br />115.10 <br />115.11 <br />115.12 <br />115.13 <br />115.14 <br />115.15 <br />115.16 <br />115.17 <br />115.18 <br /> <br />Sec. 22. CITY OF RAMSEY; TAX INCREMENT FINANCING DISTRICT; <br />SPECIAL RULES. <br />(a) If the city of Ramsey or an authority of the city elects upon the adoption of <br />a tax increment financing plan for a district. the rules under this section apply to a <br />redevelopment tax increment financing district established by the city or an authority <br />of the city. The redevelopment tax increment district includes parcels within the area <br />bounded on the North by Bunker Lake Boulevard as extended West to Llama Street. on the <br />West by Llama Street. and on the south by a line running parallel to and 600 feet south of <br />the southerly right-of-way for U.S. Highway 10. but including Parcels 28-32-25-43-0007 <br />and 28-32-25-34-0002 in their entirety. and excluding the Anoka County Regional Park <br />property in its entirety. A parcel within this area that is included in a tax increment <br />financing district that was certified before the date of enactment of this act may be included <br />in the district created under this act if the initial district is decertified. <br />(b) The requirements for qualifying a redevelopment tax increment district under <br />Minnesota Statutes. section 469.174. subdivision 10. do not apply to the parcels located <br />within the district. <br />(c) In addition to the costs permitted by Minnesota Statutes. section 469.176. <br />subdivision 4j. eligible expenditures within the district include the city's share of the <br />costs necessary to provide for the construction of the Northstar Transit Station and <br />related infrastructure. including structured parking. a pedestrian overpass. and roadway <br />improvements. <br />(d) The requirement of Minnesota Statutes. section 469.1763. subdivision 3. that <br />activities must be undertaken within a five-year period from the date of certification of a <br />tax increment financing district. is considered to be met for the district if the activities <br />were undertaken within ten years from the date of certification of the district. <br />(e) Except for administrative expenses. the in-district percentage for purposes of <br />the restriction on pooling under Minnesota Statutes. section 469.1763. subdivision 2. for <br />this district is 100 percent. <br />EFFECTIVE DATE.This section is effective upon approval by the governing <br />body of the city of Ramsey. and upon compliance by the city with Minnesota Statutes. <br />section 645.021. subdivision 3. <br /> <br />https:/ /www.revisor.mn.gov /binlbldbill. php ?bill=ccrhf3 729 .html&session= Is86 <br /> <br />5/27/2010 <br />