1.1 A bill for an act 1.2 relating to taxation; tax increment financing; authorizing special rules for the city 1.3 of St. Paul. 1.4BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 1.5 Section 1. CITY OF ST. PAUL; TAX INCREMENT FINANCING AUTHORITY. 1.6 Subdivision 1.Establishment.Under the special rules in subdivision 2, the housing and 1.7redevelopment authority of the city of St. Paul may establish not more than three 1.8redevelopment tax increment financing districts, consisting of parcels, wholly within the 1.9"downtown" defined as City Planning District Number 17 (Capitol River Council), together 1.10with adjacent roads and rights-of-way. 1.11 Subd. 2.Special rules.(a) If the authority establishes any tax increment district under 1.12this section, the following special rules apply: 1.13 (1) provided the authority finds by resolution that at least 50 percent of the buildings in 1.14the district require substantial renovation or clearance to remove existing conditions such 1.15as inadequate street layout; incompatible uses or land use relationships; overcrowding of 1.16buildings on the land; buildings with significant vacancy rates; underused or inappropriately 1.17used buildings; obsolete buildings not suitable for commercial use; or other identified hazards 1.18to the health, safety, and general well-being of the community, the districts are deemed to 1.19meet all the requirements of Minnesota Statutes, section 469.174, subdivision 10; 1.20 (2) parcels in the district may be noncontiguous; 1Section 1. REVISOR MS/DG 25-0482703/13/25 State of Minnesota This Document can be made available in alternative formats upon request HOUSE OF REPRESENTATIVES H. F. No. 2585 NINETY-FOURTH SESSION Authored by Hollins03/20/2025 The bill was read for the first time and referred to the Committee on Taxes 2.1 (3) notwithstanding Minnesota Statutes, section 469.176, subdivision 4l, tax increment 2.2from a district may be used to clear buildings described in clause (1) for open space or a 2.3commons area used as a public park; 2.4 (4) the requirements, limitations, or restrictions under Minnesota Statutes, section 2.5469.1763, subdivisions 2 and 3, do not apply to any expenditure for, or payment of bonds 2.6issued to finance, activities within the area described in subdivision 1; 2.7 (5) the requirements, limitations, or restrictions under Minnesota Statutes, sections 2.8469.175, subdivision 3, paragraph (b), clause (2), item (ii); 469.176, subdivision 6; and 2.9469.1763, subdivision 4, do not apply; and 2.10 (6) the auditor shall certify the value of the land as the original tax capacity for any 2.11parcel in the district under Minnesota Statutes, section 469.177, subdivision 1. 2.12 (b) Except as otherwise provided in paragraph (a), the provisions of Minnesota Statutes, 2.13sections 469.174 to 469.1794, apply to districts established under this section. 2.14 Subd. 3.Expiration.The authority to request certification of districts under this section 2.15expires June 30, 2030, unless the city has requested certification of at least one district by 2.16that date. The authority to request certification of any district under this section expires on 2.17June 30, 2034. 2.18 EFFECTIVE DATE.This section is effective the day after the governing body of the 2.19city of St. Paul and its chief clerical officer comply with the requirements of Minnesota 2.20Statutes, section 645.021, subdivisions 2 and 3. 2Section 1. REVISOR MS/DG 25-0482703/13/25