1.1 A bill for an act
1.2 relating to taxation; tax increment financing; authorizing special rules for the city
1.3 of Minnetonka.
1.4BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.5 Section 1. CITY OF MINNETONKA; OPUS TIF DISTRICT; FIVE-YEAR RULE
1.6EXTENSION.
1.7 (a) The five-year period under Minnesota Statutes, section 469.1763, subdivision 3, is
1.8extended to ten years and the period under Minnesota Statutes, section 469.1763, subdivision
1.94, relating to the use of increment after the expiration of the five-year period, is extended
1.10to 11 years for the Opus tax increment financing district established in 2021 by the economic
1.11development authority in the city of Minnetonka.
1.12 (b) Minnesota Statutes, section 469.176, subdivision 4j, does not apply to the district.
1.13 EFFECTIVE DATE.This section is effective the day after the governing body of the
1.14city of Minnetonka and its chief clerical officer comply with the requirements of Minnesota
1.15Statutes, section 645.021, subdivisions 2 and 3.
1Section 1.
REVISOR MS/AC 25-0234601/17/25
State of Minnesota
This Document can be made available
in alternative formats upon request
HOUSE OF REPRESENTATIVES
H. F. No. 1065
NINETY-FOURTH SESSION
Authored by Acomb02/17/2025
The bill was read for the first time and referred to the Committee on Capital Investment