Extends the use of increment period for Tax Increment Financing District 1-6 in Hopkins, Minnesota.

The bill extends the use of increment period for Tax Increment Financing District 1-6 (325 Blake) in the city of Hopkins, Minnesota. Under current law, the increment can only be used for five years, but this bill extends that period to ten years. This change applies after the governing body of Hopkins and its chief clerical officer comply with certain statutory requirements.

Extends the use of increment period for Tax Increment Financing District 1-6 in Hopkins, Minnesota.

The bill extends the use of increment period for Tax Increment Financing District 1-6 (325 Blake) in the city of Hopkins, Minnesota. Under current law, the increment can only be used for five years, but this bill extends that period to ten years. This change applies after the governing body of Hopkins and its chief clerical officer comply with certain statutory requirements.