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� <br />� <br />� <br />� <br />� <br />� <br />Y� <br />� <br />.� <br />� <br />�� <br />� <br />Appendix A <br />Appendix A: Special Legislation <br />Sec. 10. [CITY OF NEW HOPE; TAX INCREMENT FINANCING DISTRICT.] <br />Subdivision l. [SPECIAL RULES.] (a) At the election of the <br />city, upon adoption of the tax increment financinq plan for a <br />district or districts described in this section, the rules <br />provided under this section apply to each such district. <br />For purposes of this section, "district" means a <br />redevelopment or soils condition tax increment financing <br />district established by the city of New Hope or the economic <br />development authority of the city within the following area: <br />beqinninq at the intersection of Winnetka Avenue N. and the <br />westerly extension of 58th Avenue N., east on the westerly <br />extension of 58th Avenue N. to Sumter Avenue N., south on Sumter <br />Avenue N. to Bass Lake Road, east on Bass Lake Road to the city <br />boundaries of New Hope and Crvstal, MN, south'alona that citv <br />west on 53rc1 Avenue N. to Winnetka Avenue N., north on Winnetka <br />Avenue N. to 55th Avenue N., west on 55th Avenue N. to Zealand <br />Avenue N., north on Zealand Avenue N. to Bass Lake Road, east on <br />Bass Lake Road to Yukon Avenue N., north on Yukon Avenue N. to <br />Meadow Lake Road E., east on Meadow Lake Road E. to the <br />intersection with the west property line of New Hope qolf <br />course, south alonq the west property line of New Hope qolf <br />course to Bass Lake Road, east on Bass Lake Road to Winnetka <br />Avenue N., north on Winnetka Avenue N. to the boint of <br />all such redevel <br />easements <br />�f parcels that may be included <br />or soils condition tax increme� <br />riqhts-of-way,'must not exceed <br />130 acres. <br />(b) The five-year rule under Minnesota Statutes, section <br />469.1763, subdivision 3, applies as if the limit is nine years. <br />(c) The limitations on expenditure of increment outside of <br />the district under Minnesota Statutes, section 469.1763, <br />trative expenses are treated as expenditures for <br />activities within the district; <br />(2) the percentaae of increments that mav be spent on <br />points; <br />(3) increments spent outside of the district may only be <br />spent on costs, such as property acquisition and public <br />improvements, that are fairly apportioned to parcels on which <br />the ultimate use is planned for housinq; and <br />(4) increments may only be expended on improvements within <br />the area 'identifiedin paraaraph 1a). <br />district under Minnesota Statutes, section 469.174, subdivision <br />� 10, do not apply to the parcels identified as 08-118-21-22-0001, <br />08-118-21-33-0008, 08-118-21-33-0009, 08-118-21-33-0010, <br />08-118-21-33-0011, 08-118-21-33-0013, 08-118-21-33-0018, <br />08-118-21-33-0019, 08-118-21-33-0025, 08-118-21-33-0027, <br />f 08-118-21-33-0029,08-118-21-33-0082, and 08-118-21-33-0087, <br />� which are deemed substandard for the purpose of qualifying the <br />district as a redevelopment district. <br />Subd. 2. [EXPIRATION.] (a) The exception under subdivision <br />� l, paragraph (c), from the limitations of Minnesota Statutes, <br />section 469.1763, subdivision 2, expires 20 years after the <br />receipt of the first increment from a district for which the <br />citv has elected that this section applies. <br />SPRINCSTED Page �� <br />