Minnesota SF1314 amends tax increment financing rules for the city of Ramsey.

Minnesota SF1314 amends the tax increment financing rules for the city of Ramsey. It specifies that if the city or an authority of the city adopts a tax increment financing plan for a district, special rules apply to a redevelopment tax increment financing district. The district includes parcels within a defined area. Eligible expenditures include costs for the Northstar Transit Station and related infrastructure, land acquisition, and public improvements. Certain statutory requirements do not apply to the district, and specific parcels are excluded.

Minnesota SF1314 amends tax increment financing rules for the city of Ramsey.

Minnesota SF1314 amends the tax increment financing rules for the city of Ramsey. It specifies that if the city or an authority of the city adopts a tax increment financing plan for a district, special rules apply to a redevelopment tax increment financing district. The district includes parcels within a defined area. Eligible expenditures include costs for the Northstar Transit Station and related infrastructure, land acquisition, and public improvements. Certain statutory requirements do not apply to the district, and specific parcels are excluded.