Provides special tax increment financing authority to the city of Chaska.

The bill grants the Chaska Economic Development Authority the ability to collect tax increments from Chaska Tax Increment Financing District No. 23. This authority is effective for up to 35 years after the first increment is received. The provision becomes effective upon compliance by the city of Chaska, Carver County, and Independent School District No. 112 with specific statutory requirements.

Provides special tax increment financing authority to the city of Chaska.

The bill grants the Chaska Economic Development Authority the ability to collect tax increments from Chaska Tax Increment Financing District No. 23. This authority is effective for up to 35 years after the first increment is received. The provision becomes effective upon compliance by the city of Chaska, Carver County, and Independent School District No. 112 with specific statutory requirements.