Extends the five-year rule for Tax Increment Financing District No. 31 in Moorhead to 11 years.
This bill extends the five-year rule for Tax Increment Financing District No. 31 in Moorhead to 11 years. The change applies to the use of increment after the expiration of the five-year period. The new rule takes effect once the city of Moorhead and its chief clerical officer meet the requirements of Minnesota Statutes, section 645.021, subdivisions 2 and 3.
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