Authorizes special tax increment financing rules for the City of Wayzata to fund specific projects.

The bill amends Minnesota law to allow the City of Wayzata to use tax increment financing (TIF) funds from District No. 6 for specific projects. These include the design and construction of a lakefront pedestrian walkway and public access infrastructure related to the Panoway on Wayzata Bay project, as well as the Eco Park, shoreline restoration, and the restoration of the Section Foreman House. These expenditures are deemed to be within the district. The changes take effect once the city's governing body and chief clerical officer meet certain statutory requirements.

Authorizes special tax increment financing rules for the City of Wayzata to fund specific projects.

The bill amends Minnesota law to allow the City of Wayzata to use tax increment financing (TIF) funds from District No. 6 for specific projects. These include the design and construction of a lakefront pedestrian walkway and public access infrastructure related to the Panoway on Wayzata Bay project, as well as the Eco Park, shoreline restoration, and the restoration of the Section Foreman House. These expenditures are deemed to be within the district. The changes take effect once the city's governing body and chief clerical officer meet certain statutory requirements.