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<br />~ 469.174
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<br />ECONOMIC DEVELOPMENT
<br />
<br />overcrowding of buildings on the land, excessive dwelling unit density, obsolete
<br />buildings not suitable for improvement or conversion, or other identified
<br />hazards to the health, safety, and general well-being of the community; and
<br />
<br />(2) the conditions described in clause (1) are reasonably distributed through-
<br />out the geographic area of the district.
<br />
<br />(b) For purposes of determining whether a building is structurally substand-
<br />ard, whether parcels are occupied by buildings or other improvements, or
<br />whether noncontiguous areas qualify, the provisions of subdivision 10, para-
<br />graphs (b), (c), and (d) apply.
<br />
<br />Subd. 11. Housing district. "Housing district'.' means a type of tax incre-
<br />ment financing district which consists of a project, or a portion of a project,
<br />intended for occupancy, in part, by persons or families of low and moderate
<br />income, as defined in chapter 462A, Title II of the National Housing Act of
<br />1934,1 the National Housing Act of 1959,2 the United States Housing Act of
<br />1937, as amended,3 Title V of the Housing Act of 1949, as amended,4 any other
<br />similar present or future federal. state, or municipal legislation, or the regula-
<br />tions promulgated under any of those acts. A project does not qualify under
<br />this subdivision if the fair market value of the improvements which are
<br />constructed for commercial uses or for uses other than low and moderate
<br />income housing consists of more than 20 percent of the total fair market value
<br />of the planned improvements in the development plan or agreement. The fair
<br />market value of the improvements may be determined using the cost of
<br />construction, capitalized income, or other appropriate method of estimating
<br />market value.
<br />
<br />Subd. 12. Economic development district. "Economic development dis-
<br />trict" means a type of tax increment financing district which consists of any
<br />project, or portions of a project, not meeting the requirements found in the
<br />definition of redevelopment district, renewal and renovation district, soils
<br />condition district, mined underground space development district, or housing
<br />district, but which the authority finds to be in the public interest because:
<br />
<br />(1) it will discourage commerce, industry, or manufacturing from moving
<br />their operations to another state or municipality; or
<br />
<br />(2) it will result in increased employment in the state; or
<br />
<br />(3) it will result in preservation and enhancement of the tax base of the state.
<br />
<br />Subd. 13. Mined underground space development district. "Mined under-
<br />ground space development district" means a type of tax increment financing
<br />district consisting of a project, or portions of a project, for the development or
<br />redevelopment of mined underground space pursuant to sections 469.135 to
<br />469.141.
<br />
<br />Subd. 14. Administrative expenses. "Administrative expenses" means all
<br />expenditures of an authority other than amounts paid for the purchase of land
<br />or amounts paid to contractors or others providing materials and services,
<br />including architectural and engineering services, directly connected with the
<br />physical development of the real property in the district, relocation benefits
<br />paid to or services provided for persons residing or businesses located in the
<br />348
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<br />~~W''f .
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<br />-'!{.~-_.
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<br />ECONOMIC DEVELC
<br />
<br />district, or amounts u
<br />discount bonds issued
<br />includes amounts paid
<br />and planning or econ(
<br />Subd. 15. Parcel.
<br />to the certification of
<br />Subd. 16. Designa
<br />substance site" means
<br />has certified to the
<br />redevelopment or othl
<br />al actions speCified in
<br />use other available !
<br />finance the removal 0
<br />amendment may be d
<br />trict prior to approva
<br />the reasonable expe,
<br />certified as part of tJ
<br />u.tc.ffi1w has been approved.
<br />o Subd. 17. Develo.
<br />. sponse plan" means.
<br />'b iA.l<.owJ if the plan or propo
<br />actions recommende
<br />commissioner of the
<br />health, welfare. and
<br />ment action respon~
<br />actions within 60 d.
<br />authority. The cm
<br />decision on the reco
<br />the recommended a
<br />Subd. 18. tenn~
<br />dy," "remedial acti(
<br />contaminant" have'
<br />um" has the meaniJ
<br />Subd. 19. Soils
<br />type of tax increme'
<br />project, within wh
<br />conditions exist:
<br />(1) unusual terra
<br />taminants, or soil
<br />require substantial
<br />cal preparation for
<br />(2) the estimatel
<br />excluding costs dir
<br />improvements as d,
<br />(11), and (12), am
<br />completion of the
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