Title Minnesota Statutes, Minnesota Statutes

469.149 AGREEMENTS FOR RESERVATION OF TAX INCREMENTS. The authority may enter into an agreement with any county in which a project is to be situated, or a county exercising the powers of an authority may adopt a resolution, under which an agricultural resource project for which a…

469.151 STATE AND COUNTY NOT LIABLE ON BONDS. The bonds and other obligations of an authority shall not be the debt of the state of Minnesota or of any county or political subdivision. History: 1987 c 291 s 152

469.152 PURPOSES. The welfare of the state requires the active promotion, attraction, encouragement, and development of economically sound industry and commerce through governmental action for the purpose of preventing the emergence of blighted and marginal lands and areas of chr…

469.153 DEFINITIONS. § Subdivision 1.Generally. In sections 469.152 to 469.165, the terms defined in this section have the meanings given them herein, unless the context indicates a different meaning. § Subd. 2.Project. (a) "Project" means (1) any properties, real or personal, us…

469.154 DEPARTMENT OF EMPLOYMENT AND ECONOMIC DEVELOPMENT DUTIES. § Subdivision 1.Generally. The Department of Employment and Economic Development shall investigate, assist, and advise municipalities, and report to the governor and the legislature concerning the operation of sect…

469.155 POWERS. § Subdivision 1.General. Any municipality or redevelopment agency has the powers set forth in this section. § Subd. 2.Project acquisition. It may acquire, construct, and hold any lands, buildings, easements, water and air rights, improvements to lands and building…

469.156 AUTHORIZATION OF PROJECTS AND BONDS. The acquisition, construction, reconstruction, improvement, betterment, or extension of any project, the execution of any revenue agreement or mortgage pertaining thereto, and the issuance of bonds in anticipation of the collection of …

469.157 DETERMINATION OF COST OF PROJECT. In determining the cost of a project, the governing body may include all cost and estimated cost of the acquisition, construction, reconstruction, improvement, betterment, and extension of the project and any related public improvements, …

469.158 MANNER OF ISSUANCE OF BONDS; INTEREST RATE. Bonds authorized under sections 469.152 to 469.165 must be issued in accordance with the provisions of chapter 475 relating to bonds payable from income of revenue producing conveniences, except that public sale is not required,…

469.159 TEMPORARY LOANS. After authorization of bonds pursuant to section 469.156, the governing body may provide funds immediately required for the purpose and not exceeding the amount of the bonds, by effecting temporary loans upon the terms it determines by resolution. The loa…

469.160 VALIDITY OF BONDS; PRESUMPTION. The validity of bonds or notes issued under sections 469.152 to 469.165 shall not depend on nor be affected by the validity or regularity of any proceedings relating to the acquisition, purchase, construction, reconstruction, improvement, b…

469.161 LIMITATION OF POWERS BY RESOLUTION OR ORDINANCE. Any ordinance, resolution, revenue agreement, indenture, or other instrument authorizing the issuance of bonds under sections 469.152 to 469.165 to finance, in whole or in part, the acquisition, construction, reconstruction…

469.162 SOURCE OF PAYMENT FOR BONDS. § Subdivision 1.Restrictions on payment. Revenue bonds issued under sections 469.152 to 469.165 shall not be payable from nor charged upon any funds other than the revenue pledged to their payment, except as provided in this section, nor shall…

469.163 BONDHOLDERS' RIGHTS AND REMEDIES. Subject to any contractual limitations binding upon the holders of any issue of revenue bonds, or a trustee therefor, including the restriction of the exercise of any remedy to a specified proportion or percentage of the holders, any hold…

469.164 POWERS ADDED TO APPLICATION OF EXISTING LAWS AND RULES. § Subdivision 1.Generally. The powers conferred by sections 469.152 to 469.165 are in addition to the powers conferred by any other law or charter. Insofar as the provisions of any other law or charter are inconsiste…

469.165 APPLICABILITY OF HRA PROVISIONS. If property that has been acquired by a housing and redevelopment authority pursuant to the provisions of sections 469.001 to 469.047, is sold, leased, or acquired with the consent of the housing and redevelopment authority in connection w…

469.1655 QUALIFIED GREEN BUILDING AND SUSTAINABLE DESIGN PROJECTS. § Subdivision 1.Project designation and eligibility. (a) A municipality or redevelopment agency issuing revenue bonds under sections 469.152 to 469.165 may designate the project for which the bonds are issued as a…

469.166 DEFINITIONS. § Subdivision 1.Generally. In sections 469.166 to 469.173, the terms defined in this section have the meanings given them herein, unless the context indicates a different meaning. § Subd. 2.Commissioner. "Commissioner" means the commissioner of employment and…

469.167 BORDER CITY ENTERPRISE ZONE; DURATION. § Subdivision 1. MS 2011 Supp [Repealed, 2012 c 294 art 2 s 43] § Subd. 2.Duration. The designation of a border city enterprise zone is effective until terminated by resolution adopted by the city in which the border city enterprise …

469.169 ADDITIONAL BORDER CITY ZONE ALLOCATIONS. § Subdivision 1. MS 2011 Supp [Repealed, 2012 c 294 art 2 s 43] § Subd. 2. MS 2011 Supp [Repealed, 2012 c 294 art 2 s 43] § Subd. 3. MS 2011 Supp [Repealed, 2012 c 294 art 2 s 43] § Subd. 4. MS 2011 Supp [Repealed, 2012 c 294 art 2…

469.171 BORDER CITY ENTERPRISE ZONES; STATE TAX REDUCTIONS. § Subdivision 1.Authorized types. (a) The following types of tax reductions may be approved by the commissioner for businesses located in a border city enterprise zone, after the governing body of the border city has des…

469.172 DEVELOPMENT AND REDEVELOPMENT POWERS. Notwithstanding any contrary provision of law or charter, any city that contains a border city enterprise zone may, in addition to its other powers, exercise the powers granted to a governmental subdivision by sections 469.001 to 469.…

469.173 ADMINISTRATION. § Subdivision 1. MS 2011 Supp [Repealed, 2012 c 294 art 2 s 43] § Subd. 2. MS 1996 [Repealed, 1997 c 187 art 3 s 34] § Subd. 3. MS 2011 Supp [Repealed, 2012 c 294 art 2 s 43] § Subd. 4.Reporting. The commissioner shall require municipalities receiving ente…

469.1731 BORDER CITY DEVELOPMENT ZONES. § Subdivision 1.Designation. To encourage economic development, to revitalize the designated areas, to expand tax base and economic activity, and to provide job creation, growth, and retention, the following border cities may designate, by …

469.1732 TAX INCENTIVES WITHIN DEVELOPMENT ZONES. § Subdivision 1.Authority. A business that conducts business activity within a border city development zone designated under section 469.1731 may qualify for the property tax exemption under section 272.0212 and the sales tax exem…

469.1733 DISQUALIFIED TAXPAYERS. § Subdivision 1.Delinquent taxpayers. An individual or a business is not eligible for the exemptions or credits available under section 272.0212, 469.1732, or 469.1734, if the individual or business owes delinquent amounts under chapter 290, 296A,…

469.1734 TAX INCENTIVES OUTSIDE ZONES. § Subdivision 1.Authority. A city with authority to establish a border city development zone under section 469.1731 may grant the tax incentives provided by this section. This authority applies only to projects located outside of a zone, exc…

469.1735 LIMIT ON TAX REDUCTIONS; APPLICATIONS REQUIRED. § Subdivision 1.Businesses must apply. To claim a tax credit under section 469.1734, subdivision 5, or an exemption from sales tax under section 469.1734, subdivision 6, a business must apply to the city for a tax credit ce…

469.174 DEFINITIONS. § Subdivision 1.Generally. In sections 469.174 to 469.179, the terms defined in this section have the meanings given them herein, unless the context indicates a different meaning. § Subd. 2.Authority. "Authority" means a rural development financing authority …

469.175 ESTABLISHING, CHANGING PLAN, ANNUAL ACCOUNTS. § Subdivision 1.Tax increment financing plan. (a) A tax increment financing plan shall contain: (1) a statement of objectives of an authority for the improvement of a project; (2) a statement as to the property within the proj…

469.176 LIMITATIONS. § Subdivision 1.Duration of tax increment financing districts. (a) Subject to the limitations contained in subdivisions 1a to 1f, any tax increment financing district as to which bonds are outstanding, payment for which the tax increment and other revenues ha…

469.1761 INCOME REQUIREMENTS; HOUSING DISTRICTS. § Subdivision 1.Requirement imposed. (a) In order for a tax increment financing district to qualify as a housing district: (1) the income limitations provided in this section must be satisfied; and (2) no more than 20 percent of th…

469.1762 ARBITRATION OF DISPUTES OVER COUNTY COSTS. If the county and the authority or municipality are unable to agree on either (1) the need for or cost of road improvements under section 469.175, subdivision 1a, or (2) the amount of county administrative costs under section 46…

469.1763 RESTRICTIONS ON POOLING; FIVE-YEAR LIMIT. § Subdivision 1.Definitions. (a) For purposes of this section, the following terms have the meanings given. (b) "Activities" means acquisition of property, clearing of land, site preparation, soils correction, removal of hazardou…

469.177 COMPUTATION OF TAX INCREMENT. § Subdivision 1.Original net tax capacity. (a) Upon or after adoption of a tax increment financing plan, the auditor of any county in which the district is situated shall, upon request of the authority, certify the original net tax capacity o…

469.1771 VIOLATIONS. § Subdivision 1.Enforcement. (a) The owner of taxable property located in the city, town, school district, or county in which the tax increment financing district is located may bring suit for equitable relief or for damages, as provided in subdivisions 2, 3,…

469.178 TAX INCREMENT BONDING. § Subdivision 1.Generally. Notwithstanding any other law, no bonds, payment for which tax increment is pledged, shall be issued in connection with any project for which tax increment financing has been undertaken except as authorized in this section…

469.1781 REQUIRED SPENDING FOR NEIGHBORHOOD REVITALIZATION. (a) The provisions of this section apply to a city of the first class if the following conditions are met: (1) the city refunded bonds and revenues, derived from increment from a district for which certification was requ…

469.1782 SPECIAL LAW PROVISIONS. § Subdivision 1. MS 2000 [Repealed, 1Sp2001 c 5 art 15 s 41] § Subd. 2.Local approval of special laws. (a) If a special law allows an extension of the duration limit of an existing tax increment financing district under section 469.176 or allows e…

469.179 EXISTING PROJECTS; EFFECTIVE DATES OF AMENDMENTS. § Subdivision 1.Exemption. The provisions of sections 469.174 to 469.178 shall not affect any project for which tax increment certification was requested pursuant to law prior to August 1, 1979, or any project carried on b…

469.1792 SPECIAL DEFICIT AUTHORITY. § Subdivision 1.Scope. This section applies only to an authority with a preexisting district for which: (1) the increments from the district were insufficient to pay preexisting obligations as a result of the classification rate changes or the …

469.1793 DEVELOPER OBLIGATIONS CONTINUED. If a developer or other private entity agreed to make payments to the authority or municipality to reimburse the municipality for the state aid offset under Minnesota Statutes 2000, section 273.1399, the obligation continues in effect, no…

469.1794 DURATION EXTENSION TO OFFSET DEFICITS. § Subdivision 1.Authority. Subject to the conditions and limitations imposed by this section, an authority may, by resolution, extend the duration limit under section 469.176, subdivision 1b, 1c, 1e, or 1g, that applies to a preexis…

469.180 DEVELOPMENT PACTS WITH ENTITIES OF OTHER STATES. § Subdivision 1.Agreements authorized. A county or two or more adjacent counties may make an agreement with contiguous political subdivisions of an adjacent state, with nonprofit corporations, or both, to improve the econom…

469.1811 PROPERTY TAX EXEMPT; AGRICULTURAL PROCESSING FACILITY. § Subdivision 1.Definitions. For purposes of this section: (1) "Agricultural processing facility" means land, buildings, structures, fixtures, and improvements used or operated primarily for the processing or product…

469.1812 DEFINITIONS. § Subdivision 1.Scope. For purposes of sections 469.1812 to 469.1815, the following terms have the meanings given. § Subd. 2.Governing body. "Governing body" means, for a city, the city council; for a school district, the school board; for a county, the coun…