Maple Grove tax increment financing special rules authorization.

The bill amends the tax increment financing rules for the city of Maple Grove. It allows for special rules for redevelopment, renewal, renovation, soil condition, and soil deficiency districts. Parcels must be characterized by certain conditions, such as geotechnical deficiencies or landfills. The city must find that at least 80% of the project area's parcels meet these conditions. The bill extends the five-year rule to eight years and modifies the use of increments for soil deficiency districts.

Maple Grove tax increment financing special rules authorization.

The bill amends the tax increment financing rules for the city of Maple Grove. It allows for special rules for redevelopment, renewal, renovation, soil condition, and soil deficiency districts. Parcels must be characterized by certain conditions, such as geotechnical deficiencies or landfills. The city must find that at least 80% of the project area's parcels meet these conditions. The bill extends the five-year rule to eight years and modifies the use of increments for soil deficiency districts.