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<br /> <br /> <br /> <br /> <br /> <br />2 5, <br /> <br />3 d For districts under section 469.175, <br /> <br /> <br />4 subdivision 3, or parcels added to existing districts after May <br /> <br /> <br />5 1, 1988, if the net tax capacity of a property increases because <br /> <br />6 the property no longer qualifies under the Minnesota <br /> <br />7 Agricultural Property Tax Law, section 273.111; the Minnesota <br /> <br />8 Open Space Property Tax Law, section 273.112; or the <br /> <br />9 Metropolitan Agricultural Preserves Act, chapter 473H, or <br /> <br />10 because platted, unimproved property is improved or three years <br /> <br />11 pass after approval of the plat under section 273.11, <br /> <br />12 subdivision 1, the increase in net tax capacity must be added to <br /> <br /> <br />13 the original net tax capacity. <br /> <br />14 (e) The amount to be subtracted from the original net tax <br /> <br /> <br />15 capacity of the district as a result of previously taxable real <br /> <br />16 property within the district becoming tax exempt, or a reduction <br /> <br />17 in the geographic area of the district, shall be the amount of <br /> <br />18 original net tax capacity initially attributed to the-property <br /> <br />19 becoming tax exempt or being removed from the district. If the <br /> <br /> <br />20 net tax capacity of property located within the tax increment <br /> <br />21 financing district is reduced by reason of a court-ordered <br /> <br />22 abatement, stipulation agreement, voluntary abatement made by <br /> <br />23 the assessor or auditor or by order of the commissioner of <br /> <br />24 revenue, the reduction shall be applied to the original net tax <br /> <br />25 capacity of the district when the property upon which the <br /> <br />26 abatement is made has not been improved since the date of <br /> <br /> <br />27 certification of the district and to the captured net tax <br /> <br /> <br />28 capacity of the district in each year thereafter when the <br /> <br />29 abatement relates to improvements made after the date of <br /> <br /> <br />30 certification. The county auditor may specify reasonable form <br /> <br /> <br />31 and content of the request for certification of the authority <br /> <br />32 and any modification thereof pursuant to section 469.175, <br /> <br />33 subdivision 4. <br /> <br /> <br />34 (f) If a parcel of property contained a substandard <br /> <br />35 building that was demolished or removed and if the authority <br /> <br />36 elects to treat the parcel as occupied by a substandard building <br /> <br /> <br />Article 10 <br /> <br />Section ~ <br /> <br />161 <br />