Agenda - Council - 05/13/1980 - Laserfiche WebLink

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- 2 - SECTION 6. (NOTIFICATION.) Stipulates the notification procedure. The local authority noti~ fies the county recorder, who files and records the restrictvie covenant; th~ auditor and assessor, who will thereafter tax the land according to the act; the Metropolitan Council, which will maintain maps of certified and covenanted lands; and the county soil and water conservation district which may prepare an advisory statement on existing or potential conservation problems for the preserve land. SECTION 7. (COMMENCEMENT OF PRESERVE.) States that the land actually becomes an agricultural preserve'30 days from the date of application. SECTION 8. (DURATION.) Provides that the preserve continues indefinitely until either the owner or the authority initiates an eight year expiration period. The owner can initate expiration at any time. But the authority must change the planning and zoning and decertify eligibility before it can initiate expiration. There is no penalty upon expiration. SECTION 9. (EARLY TERMINATION.) Provides for early termination if a public emergency requires it. Such termination is determined and authorized only. by the governor. SECTION'10. (AD VALOREM PROPERTY TAXES.) Limits property taxes in two wa~s: first, land in agricultural use is valued solely according to its agricultural use value; second, a maximum rate of tax is set, based on 105 percent of the statewide average for township gross mill rates. Any revenue shortfall resulting from limiting the mill'rate is reimbursed by the state. The maximum tax rate and state' reimbursement does not apply to residential property, just land and farm buildings. SECTION~ll. ~IMITATION ON CERTAIN PUBLIC PROJECTS.) Prohibits public sanitary sewer and water .systems benefiting lands or buildings in Ag. Preserves. SECTION 12. (PROTECTION FOR NORMAL FARM PRACTICES.) Limits local restrictive o~dinances that interfere with normal farm practices.