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<br />469.176,2009 Minnesota Statutes <br /> <br />Page 6 of 10 <br /> <br />economic development district may be used to pay for site preparation and public improvements, if <br />the following conditions are met: <br /> <br />(1) bedrock soils conditions are present in 80 percent or more of the acreage of the district; <br /> <br />(2) the estimated cost of physical preparation of the site exceeds the fair market value ofthe land <br />before completion of the preparation; and <br /> <br />(3) revenues from tax increments are expended only for the additional costs of preparing the site <br />because of unstable soils and the bedrock soils condition, the additional cost of installing public <br />improvements because of unstable soils or the bedrock soils condition, and reasonable administrative <br />costs. <br /> <br />(c) Notwithstanding the provisions of this subdivision, revenues derived from tax increment from an <br />economic development district may be used to provide improvements, loans, subsidies, grants, interest <br />rate subsidies, or assistance in any form for up to 15,000 square feet of any separately owned commercial <br />facility located within the municipal jurisdiction ofa small city, if the revenues derived from increments <br />are spent only to assist the facility directly or for administrative expenses, the assistance is necessary to <br />develop the facility, and all of the increments, except those for administrative expenses, are spent only for <br />activities within the district. <br /> <br />(d) For purposes of this subdivision, a qualified border retail facility is a development consisting of <br />a shopping center or one or more retail stores, if the authority finds that all of the following conditions <br />are satisfied: <br /> <br />(1) the district is in a small city located within one mile or less of the border of the state; <br /> <br />(2) the development is not located in the seven-county metropolitan area, as defined in section <br />473.121, subdivision 2; <br /> <br />(3) the development will contain new buildings or will substantially rehabilitate existing buildings <br />that together contain at least 25,000 square feet of retail space; and <br /> <br />(4) without the use of tax increment financing for the development, the development or a similar <br />competing development will instead occur in the bordering state or province. <br /> <br />(e) A city is a small city for purposes of this subdivision if the city was a small city in the year in <br />which the request for certification was made and applies for the rest ofthe duration of the district, <br />regardless of whether the city qualifies or ceases to qualify as a small city. <br /> <br />Subd. 4d. Bousing districts. Revenue derived from tax increment from a housing district must be <br />used solely to finance the cost of housing projects as defined in sections 469.174, subdivision 11, and <br />469.1761. The cost of public improvements directly related to the housing projects and the allocated <br />administrative expenses of the authority may be included in the cost of a housing project. <br />Subd.4e. Bazardous substance subdistricts. The additional tax increment received by the <br />municipality from a hazardous substance subdistrict as a result of a reduction in original net tax capacity <br />pursuant to section 469.174, subdivision 7, paragraph (b), or as a result of the extension of the period for <br />collection of tax increment from a hazardous substance site or subdistrict provided for in subdivision 1, <br />paragraph (g), may be used only to payor reimburse the costs of: (I) removal actions or remedial actions <br /> <br />https:/ /www.revisor.mn.gov /statutes/?id=469.1 76&year=2009 <br /> <br />5/27/2010 <br />