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Last modified
7/17/2007 12:10:14 PM
Creation date
12/8/2004 12:41:02 PM
Metadata
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Template:
Planning Files
Planning Files - Planning File #
2782
Planning Files - Type
Planned Unit Development
Address
2555 SNELLING AVE N
Applicant
WESTERN AUTO
PIN
012923110018
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<br />.--- <br /> <br />~469.176 <br /> <br />ECONOMIC DEVELOPMENT <br /> <br />ECONOMIC DEVJ <br /> <br />improvements, loans, subsidies, grants, interest rate subsidies, or assistance in <br />any form for up to 5,000 square feet of commercial and retail facilities within <br />the municipal jurisdiction of a home rule charter or statutory city that has a <br />population of 5.000 or less. The 5,000 square feet limitation is cumulative and <br />applies to all facilities in all the economic development districts within the <br />municipal jurisdiction. <br />Subd. 4d. Housing districts. Revenue derived from tax increment from a <br />housing district must be used solely to finance the cost of housing projects as <br />defined in section 469.174, subdivision 11. The cost of public improvements <br />directly related to the housing projects and the allocated administrative ex- <br />penses of the authority may be included in the cost of a housing project. <br />Subd. 4e. Hazardous substance subdistricts. The additional tax increment <br />received by the municipality from a hazardous substance subdistrict as a result <br />of a reduction in original net tax capacity pursuant to section 469.174, subdivi- <br />sion 7, paragraph (b), or as a result of the extension of the period for collection <br />of tax increment from a hazardous substance site "Or subdistrict provided for in <br />subdivision 1, paragraph (g), may be used only to payor reimburse the costs of: <br />(1) removal actions or remedial actions with respect to hazardous substances or <br />pollutants or contaminants or petroleum releases affecting or which may affect <br />the designated hazardous substance site; (2) pollution testing, demolition, and <br />soil compaction correction necessitated by the development response action <br />plan for the designated hazardous substance site; (3) purchase of environmen- <br />tal insurance or deposits to a guaranty fund, relating only to liability or <br />response costs for land in the subdistrict; and (4) related administrative and <br />legal costs, including costs of review and approval of development response <br />action plans by the pollution control agency and litigation expenses of the <br />attorney general. <br />Subd. 4f. Interest reduction. Revenues derived from tax increment may be <br />used to finance the costs of an interest reduction program operated pursuant to <br />section 469.012, subdivisions 7 to 10, or pursuant to other law granting interest <br />reduction authority and power by reference to those subdivisions only under <br />the following conditions: (1) tax increments may not be collected for a program <br />for a period in excess of 12 years after the date of the first interest rate <br />reduction payment for the program, (2) tax increments may not be used for an <br />interest reduction program, if the proceeds of bonds issued pursuant to section <br />469.178 after December 31, 1985, have been or will be used to provide <br />financial assistance to the specific project which would receive the benefit of <br />the interest reduction program, and (3) tax increments may not be used to <br />finance an interest reduction program for owner-occupied single-family dwell- <br />ings. <br />Subd. 4g. General government use prohibited. (a) These revenues shall <br />not be used to circumvent existing levy limit law. No revenues derived Crom <br />tax increment from any district, whether certified before or after August I, <br />1979, shall be used for the acquisition, construction, renovation, operation. or <br />maintenance of a building to be used primarily and regularly for conducting the <br />business of a municipality, county, school district. or any other local unit of <br />368 <br /> <br />government or th <br />prohibit the use of <br />renovation of a pal <br />facility used for so <br />for conducting the <br />(b) If any public <br />purposes and Einar <br />is operated or mar <br />management polic <br />the authority. <br />Subd. 4h. Cou <br />county's actual a( <br />The county may n <br />after the year in <br />payments is not n <br />the project. To, <br />auditor must sub! <br />auditor related tl <br />districts~~' , <br />(b) Tax increm, <br />section 469.175, ~ <br />Subd. 4i. Mul <br />ed in a municipal <br />revenue derived I <br />be expended for t <br />ed within that COl <br />agree to waive tr <br />Subd. '4j. Re(' <br />derived from ta~ <br />renovation distri <br />that allow desigr <br />under section 4t <br />structurally subs1 <br />necessary to pro' <br />of structures, de <br />and parking fad j <br />authority may bl <br />Subd. S. Req <br />age, of the prope <br />ment district, or <br />project which co <br />in the tax incren <br />as a result of aCI <br />469.178 unless] <br />has concluded <br />property acquir, <br /> <br />
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