Authorizes special rules for tax increment financing districts in Brooklyn Center, Minnesota.
The bill allows the economic development authority of the city of Brooklyn Center or the city itself to establish up to two redevelopment tax increment financing districts within the "Opportunity Site." These districts are subject to special rules, including being deemed to meet certain statutory requirements and exempt from other specific regulations. The authority to approve such districts expires on December 31, 2031.
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- Legal Framework
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