Minnesota 2025-2026 Regular Session

Minnesota Senate Bill SF1314 Compare Versions

Only one version of the bill is available at this time.

Old	New	Differences
1	1	1.1 A bill for an act
2	2	1.2 relating to taxation; tax increment financing; authorizing special rules for the city
3	3	1.3 of Ramsey; amending Laws 2010, chapter 389, article 7, section 22, as amended.
4	4	1.4BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
5	5	1.5 Section 1. Laws 2010, chapter 389, article 7, section 22, as amended by Laws 2011, chapter
6	6	1.6112, article 11, section 16, is amended to read:
7	7	1.7 Sec. 22. CITY OF RAMSEY; TAX INCREMENT FINANCING DISTRICT;
8	8	1.8SPECIAL RULES.
9	9	1.9 (a) If the city of Ramsey or an authority of the city elects upon the adoption of a tax
10	10	1.10increment financing plan for a district, the rules under this section apply to a redevelopment
11	11	1.11tax increment financing district established by the city or an authority of the city. The
12	12	1.12redevelopment tax increment district includes parcels within the area bounded on the east
13	13	1.13by Ramsey Boulevard, on the north by Bunker Lake Boulevard as extended west to Llama
14	14	1.14Street, on the west by Llama Street, and on the south by a line running parallel to and 600
15	15	1.15feet south of the southerly right-of-way for U.S. Highway 10, but including Parcels
16	16	1.1628-32-25-43-0007 and 28-32-25-34-0002 in their entirety, and excluding the Anoka County
17	17	1.17Regional Park property in its entirety. A parcel within this area that is included in a tax
18	18	1.18increment financing district that was certified before the date of enactment of this act may
19	19	1.19be included in the district created under this act if the initial district is decertified.
20	20	1.20 (b) The requirements for qualifying a redevelopment tax increment district under
21	21	1.21Minnesota Statutes, section 469.174, subdivision 10, do not apply to the parcels located
22	22	1.22within the district.
23	23	1Section 1.
24	24	25-03017 as introduced02/03/25 REVISOR MS/VJ
25	25	SENATE
26	26	STATE OF MINNESOTA
27	27	S.F. No. 1314NINETY-FOURTH SESSION
28	28	(SENATE AUTHORS: BAHR)
29	29	OFFICIAL STATUSD-PGDATE
30	30	Introduction and first reading02/13/2025
31	31	Referred to Taxes 2.1 (c) Minnesota Statutes, section 469.176, subdivision 4j, does not apply to the district.
32	32	2.2Eligible expenditures within the district include but are not limited to (1) the city's share of
33	33	2.3the costs necessary to provide for the construction of the Northstar Transit Station and
34	34	2.4related infrastructure, including structured parking, a pedestrian overpass, and roadway
35	35	2.5improvements, (2) the cost of land acquired by the city or the housing and redevelopment
36	36	2.6authority in and for the city of Ramsey within the district prior to the establishment of the
37	37	2.7district, and (3) the cost of public improvements installed within the tax increment financing
38	38	2.8district prior to the establishment of the district.
39	39	2.9 (d) The requirement of Minnesota Statutes, section 469.1763, subdivision 3, that activities
40	40	2.10must be undertaken within a five-year period from the date of certification of a tax increment
41	41	2.11financing district, is considered to be met for the district if the activities were undertaken
42	42	2.12within ten years from the date of certification of the district.
43	43	2.13 (e) Except for administrative expenses, the in-district percentage for purposes of the
44	44	2.14restriction on pooling under Minnesota Statutes, section 469.1763, subdivision 2, for this
45	45	2.15district is 100 percent.
46	46	2.16 (f) The requirement of Minnesota Statutes, section 469.177, subdivision 4, does not
47	47	2.17apply to Parcels 28-32-25-42-0021 and 28-32-25-41-0014, where development occurred
48	48	2.18after enactment of Laws 2010, chapter 389, article 7, section 22, and prior to adoption of
49	49	2.19the tax increment financing plan for the district.
50	50	2.20 (g) The requirement of Minnesota Statutes, section 469.178, subdivision 7, paragraph
51	51	2.21(b), is considered to be met for the district if the city adopts interfund loan resolutions
52	52	2.22reflecting the terms and conditions required by Minnesota Statutes, section 469.178,
53	53	2.23subdivision 7, paragraph (d), by December 31, 2025.
54	54	2.24 EFFECTIVE DATE.This section is effective the day after the city of Ramsey and its
55	55	2.25chief clerical officer comply with Minnesota Statutes, section 645.021, subdivisions 2 and
56	56	2.263.
57	57	2Section 1.
58	58	25-03017 as introduced02/03/25 REVISOR MS/VJ