Extends the tax increment financing period for District 1-6 in Hopkins, Minnesota.

The bill extends the tax increment financing period for District 1-6 (325 Blake) in Hopkins, Minnesota. It changes the five-year rule to an eleven-year rule for the use of increment. This change takes effect once the city of Hopkins and its chief clerical officer meet specific requirements. The extension aims to provide more time for the district to utilize tax increments for development and improvement projects.

Extends the tax increment financing period for District 1-6 in Hopkins, Minnesota.

The bill extends the tax increment financing period for District 1-6 (325 Blake) in Hopkins, Minnesota. It changes the five-year rule to an eleven-year rule for the use of increment. This change takes effect once the city of Hopkins and its chief clerical officer meet specific requirements. The extension aims to provide more time for the district to utilize tax increments for development and improvement projects.