Agenda - Council - 06/28/2011 - Laserfiche WebLink

Home

5/25/2011 77.13 77.14 77.15 77.16 77.17 77.18 77.19 77.20 77.21 77.22 77.23 77.24 77.25 77.26 77.27 77.28 77.29 77.30 77.31 77.32 77.33 78.1 78.2 78.3 78.4 78.5 78.6 78.7 78.8 78.9 78.10 78.11 78.12 78.13 78.14 78.15 78.16 78.17 78.18 78.19 78.20 78.21 78.22 78.23 78.24 78.25 H.F. No. 1219, 3rd Engrossment - 87th ... tax increment financing district, is considered to be met for the district if the . activities were undertaken within ten years from the date of certification of the district. (e) Except for administrative expenses, the in- district percentage for purposes of the restriction on pooling under Minnesota Statutes, section 469.1763, subdivision 2, for this district is 100 percent. (f) The requirement of Minnesota Statutes. section 469.177, subdivision 4, does not apply to Parcels 28- 32 -25 -42 -0021 and 28- 32 -25 -41 -0014, where development occurred after enactment of Laws 2010, chapter 389, article 7, section 22, and prior to adoption of the tax increment financing plan for the district. EFFECTIVE DATE.This section is effective upon approval by the governing body of the city of Ramsey. and upon compliance by the city with Minnesota Statutes, section 645.021, subdivision 3. Sec. 17. CITY OF COHASSET; USE OF TAX INCREMENTS. The authority operating tax increment financing districts No. 2 -1 and No. 3 -1 in the city of Cohasset may transfer tax increments from each of those districts to the city in an amount equal to the advances made by the city from its general fund to finance expenditures under Minnesota Statutes, section 469.176, subdivision 4, for the benefit of that district. EFFECTIVE DATE.This section is effective the day following final enactment, upon approval by the governing body of the city of Cohasset and compliance with Minnesota Statutes, section 645.021. subdivision 3. Sec. 18. CITY OF LINO LAKES; TAX INCREMENT FINANCING. Subdivision l: Duration of district. Notwithstanding the provisions of Minnesota Statutes, section 469.176 subdivision lb the city of Lino Lakes may collect tax increments from tax increment financing district No. 1 -10 through December 31, 2023, subject to the conditions in subdivision 2. Subd. 2. Conditions for extension. All tax increments remaining in the account for the district after February 1, 2011, and all tax increments collected thereafter, must be used only to pay debt service on bonds issued to finance the interchange of Anoka County Highway 23 and marked Interstate Highway 35W, bonds issued to finance public improvements serving the development known as Legacy at Woods Edge, and any bonds issued to refund those bonds. Minnesota Statutes, sections 469.176, subdivision 4c, and 469.1763. do not apply to expenditures made under this section. EFFECTIVE DATE.This section is effective upon compliance by the governing body of the city of Lino Lakes with the requirements of Minnesota Statutes, sections 469.1782, subdivision 2, and 645.021, subdivision 3. Sec. 19. CITY OF SAUK RAPIDS TAX INCREMENT FINANCING DISTRICT; INCLUSION OF PARCELS. Minnesota Statutes, section 469.176, subdivision 7, that restricts inclusion of parcels •ua ' in under Minnesota Statutes section 273.111 in a tax increment fmancin! district does not apply to parcels located in the city of Sauk Ranids with the following parcel identification numbers: 19.04173.00, 19.04174.00, and 19.04176.00 if these parcels have been withdrawn from the program under Minnesota Statutes, section 273.111, by June 30, 2011. EFFECTIVE DATE.This act is effective the day following final enactment after compliance by the governing body of the city of Sauk Rapids with the requirements of Minnesota Statutes, section 645.021, subdivision 3. www.revisor.mn.gov /bin /bldbill.php ?bil... 54/55