1.1 A bill for an act
1.2 relating to taxation; tax increment financing; authorizing special rules for the city
1.3 of Eden Prairie.
1.4BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.5 Section 1. CITY OF EDEN PRAIRIE; TAX INCREMENT FINANCING
1.6AUTHORITY; EDEN PRAIRIE CENTER.
1.7 Subdivision 1.Establishment.Pursuant to the special rules established in subdivision
1.82, the economic development authority of the city of Eden Prairie or the city of Eden Prairie
1.9may establish not more than two redevelopment districts located within the area of the city
1.10of Eden Prairie consisting of parcels, together with adjacent roads and rights-of-way, within
1.11the area surrounded by Flying Cloud Drive, West 78th Street, and Prairie Center Drive.
1.12 Subd. 2.Special rules.If the city or authority establishes a tax increment financing
1.13district under this section, the following special rules apply:
1.14 (1) the districts are deemed to meet the requirements of Minnesota Statutes, section
1.15469.174, subdivision 10; and
1.16 (2) Minnesota Statutes, section 469.176, subdivision 4j, does not apply to the district.
1.17 Subd. 3.Expiration.The authority to approve a tax increment financing plan to establish
1.18a tax increment financing district under this section expires December 31, 2026.
1.19 EFFECTIVE DATE.This section is effective the day after the governing body of the
1.20city of Eden Prairie and its chief clerical officer comply with the requirements of Minnesota
1.21Statutes, section 645.021, subdivisions 2 and 3.
1Section 1.
25-00250 as introduced11/13/24 REVISOR MS/CH
SENATE
STATE OF MINNESOTA
S.F. No. 115NINETY-FOURTH SESSION
(SENATE AUTHORS: CWODZINSKI)
OFFICIAL STATUSD-PGDATE
Introduction and first reading01/16/2025
Referred to Taxes