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2004_0517_Packet
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2004_0517_Packet
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� <br />� <br />� <br />� <br />�� <br />� <br />� <br />� <br />� <br />� <br />� <br />� <br />� <br />� <br />� <br />� <br />� <br />� <br />Appendix A <br />S@C. 24. [NEW BRIGHTON; TAX INCREMENT FINANCING.] <br />�li r�riBiOn 1, f�PE�Ih� L�1JL65. ��a} IE �ba ci� ale�t� <br />v r� �n� a � odti of kF:q tix irs�re��t fin�nt �pl� �r thv <br />atri t, �h$ ru�t� �,��r t�ia e��tioe� a e� �8vai� at or <br />r�i13 ���idYtLOT� t�� in�remen� ttrieYiCt�S �i tsiG�s ��tablfih�d <br />t'a��ir � �w �ri��or� �r a �•a �s�t .��th�r� � �f �1� � r <br />ir, �k�Q aree �v 'en th$ r�or�h tht ��,th liaa vf <br />kax zn��4m�„t di9tr��t aumber � exte�d�d t# 1�4�=9 Leke raq �en1 <br />���. �n_ the ��st irstcroG�C� ���hw�y 35k, ar. t�a eo�th�b <br />�77ters�ae� hi liwa �. b7�$ � th9 ti�st b C.Sk.� r��O1181 <br />�dr�C' <br />(b) The five-year rule under Minnesota Statutes, section <br />469.1763, subdivision 3, is extended to nine years for the <br />district. <br />(c) The limitations on spendinq increment outside of the <br />district under Minnesota Statutes, section 469.1763, subdivision <br />2, do not apply, but increments may only be expended on <br />improvements or activities within the area defined in paragraph <br />(a) . <br />Subd. 2. [EXPIRATION.] (a) The exception from the <br />limitations of Minnesota Statutes, section 469.1763, subdivision <br />2, expires 18 years after the receipt of the first increment <br />from a district to which the city has elected that this section <br />applies. <br />(b) The authoritv to approve tax increment financina plans <br />section expires on December 31, 2008. <br />Subd. 3. [EFFECTIVE DATE.] This section is effective upon <br />approval by the governing bodies of the city of New Brighton and <br />Ramsey county and upon compliance by the city with Minnesota <br />Statutes, section 645.021, subdivision 3. <br />1998, Chapter 389, Article 11, Section 24 <br />s�l�l',]�CSTEL ��� 28 <br />
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