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� <br />� <br />Appendix A <br />(b) The authority to approve tax increment financinq plans <br />to establish a tax increment financinq district sub�ect to th. <br />� section expires on December 31, 2013. <br />Subd. 3. [EFFECTIVE DA'I`E.] This section is effective upon <br />abbroval bv the aovernina bodies of the citv of New Hobe and <br />� <br />� <br />_ i1, <br />Laws 2003 <br />on 645.021, subdivision 3. <br />Section i. [CITY OF MOORHEAD; TAX LEVY AUTHORIZID.] <br />� ta) Each year the city of Moorhead may impose a tax on all <br />class 3a and class 3b property located in the city in an amount <br />which the city determines is equal to the reduction in revenues <br />� from increment from all tax increment financing districts in the <br />city resulting from the class rate changes and the elimination <br />of the state-determined general education property levy under <br />Laws 2001, First Special Session chapter 5. The proceeds of <br />� this tax and increments from the district may only be used to <br />pay �reexisting obligations as defined in Minnesota Statutes, <br />section 469.1763, subdivision 5, whether general obligations or <br />payable wholly from tax increments, and administrative <br />� expenses. The tax must be levied and collected in the same <br />manner and as part of the property tax levied by the city and is <br />subject to the same administrative, penalty, and enforcement <br />provisions. A tax imposed under this section is a special levy <br />� and is not subject to levy limitations under Minnesota Statutes, <br />section 275.71. <br />(b) This section expires December 31, ��S ��ia_ <br />t3*FEG�"cL�rE DATE.] This section is effective upon approval <br />-r <br />,� <br />`� Sec . 3l <br />� <br />� <br />� <br />� <br />�� <br />.� <br />subdivision 3 <br />section <br />citv o= <br />[HOPKINS TAX INCREMENT FINANCING DISTRICT.] <br />Subdivision 1. [DISTRICT EXTENSION. ](a) The cioverning <br />its <br />�nt tax increment financinq district 2-11 by up to <br />Subd. 2. FIVE-YEAR RULE.] The re irements of Minnesota <br />Statutes, section 469.1763, sub ivision 3, t t activities must <br />be undertaken within a five- ear eriod from the date of <br />certi ication o tax increment inancina istrict must e <br />increment aistrict z-ii, it tne activities are unaertaken witnin <br />nine years from the date of certification of the district. <br />�3,.�T"�CTLV� Q?TE,j Subdivision 1 is effective upon <br />co liance with the rovisions of Minnesota Statutes, sections <br />469.1782, s ivision 2, an 645.021. S ivision 2 is <br />effective upon compliance bv the aovernina bodv of the citv of <br />.021. <br />SPRINGSTED P��� 2% <br />