2015-01-14 CC Agenda Packet - Laserfiche WebLink

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116/2U15 469.174-2014 Minnesota StatUtes Subd. 14. Administrative expenses. "Administrative expenses"means all expenditures of an authority other than: (1)amounts paid for the purchase of land; (2) amounts paid to contractors or others providing materials and services,including architectural and engineering services,directly connected with the physical development of the real property in the project; (3)relocation benefits paid to or services provided for persons residing or businesses located in the project; (4) amounts used to pay principal or interest on, fund a reserve for, or sell at a discount bonds issued pursuant to section 469.178;or (5)amounts used to pay other financial obligations to the extent those obligations were used to finance costs described in clauses (1)to (3). For districts for which the requests for certifications were made before August 1, 1979,or after June 30, 1982, "administrative expenses"includes amounts paid for services provided by bond counsel, fiscal consultants, and planning or economic development consultants. Sub& 15. Parcel. 'Parcel"means a tract or plat of land established prior to the certification of the district as a single unit for purposes of assessment. Subd. 16. Designated hazardous substance site. "Designated hazardous substance site"means any parcel or parcels with respect to which the authority has certified to the county auditor that the authority has entered into a redevelopment or other agreement providing for the removal actions or remedial actions specified in a development response action plan or the authority will use other available money, including without limitation tax increments,to finance the removal or remedial actions.A parcel described in the plan or plan amendment maybe designated for inclusion in the hazardous substance subdistrict prior to approval of the development action response plan on the basis of the reasonable expectation of the municipality. Such parcel may not be certified as part of the subdistrict until the development action response plan has been approved. Subd. 17. Development action response plan. 'Development action response plan" means a plan or proposal for removal actions or remedial actions if the plan or proposal is submitted to the pollution control agency and the actions recommended in the plan or proposal are approved in writing by the commissioner of the agency as reasonable and necessary to protect the public health,welfare,and environment. The commissioner shall review the development action response plan and approve,modify,or reject the recommended actions within 60 days after submission of the plan(or revised plan)by the authority. The commissioner shall notify the authority in writing of the decision on the recommended actions within 30 days after the decision and,if the recommended actions are rejected, shall specify the reasons for rejection. Subd. 18. Terms defined in other chapters. The terms "removal," "remedy," "remedial action," "response," "hazardous substance,"and"pollutant or contaminant"have the meanings given in section 1158.02. The term"petroleum"has the meaning given in section 115C.02. Subd. 19. Soils condition district. (a) "Soils condition district"means a type of tax increment financing district consisting of a project,or portions of a project,within which the authority finds by resolution that the following conditions exist: (1)the presence of hazardous substances,pollution,or contaminants requires removal or remedial action for use; (2)the estimated cost of the proposed removal and remedial action exceeds the fair market value of the land before completion of the preparation. The requirements of clause(2)need not be satisfied,if each parcel of property in the https:/AAmw.reusor.rm.go4stahrtes/?id=489.174*tat.489.174.8 121 5r!