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2004_0517_Packet
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2004_0517_Packet
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� <br />� <br />r <br />� <br />� <br />� <br />� <br />� <br />� <br />� <br />� <br />� <br />� <br />� <br />� <br />� <br />� <br />� <br />� <br />, Appendix A <br />Sec. 24. [NEW BRIGHTON; TAX INCREMENT FINANCING.] <br />Subdivision 1. [SPECIAL RULES.] (a) If the city elects <br />upon the adoption of the tax increment financing plan for the <br />district, the rules under this section apply to redevelopment or <br />soils condition tax increment financing districts established by <br />the city of New Bzighton or a development authority of the city <br />in the area bounded on the north by the south boundary line of <br />tax increment district number 8 extended to Lonq Lake regional <br />nark, on the east bv interstate hiahwav 35W, on the south bv <br />strict. <br />limitations on spendinu increment outside of the <br />ia) . <br />Subd. 2. [EXPIRATION.] (a) The exception from the <br />limitations of Minnesota Statutes, section 469.1763, subdivision <br />applies. <br />(b} The authority to approve tax increment financinq plans <br />to establish a tax increment financing district under this <br />section ex ires on December 31, 2008. <br />Subd. 3. [EFFECTIVE DATE �--Tl�i�—�ection is effective upon <br />approval by the qoverninq bodies of the city of New Brighton <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 />SPRING5TED Page 30 <br />
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