Subdivision 1 extends the deadline for the City of Oakdale to establish a tax increment financing district to December 31, 2017.

Subdivision 2 exempts the district from the ‘blight test’ rules, and provides the following special rules for qualification of parcels as being occupied by a substandard building:

• exempts the district from the three-year limit between demolition of the building and certification of the district;
• exempts the district from the requirement that demolition be done under a development agreement; and
• exempts the district from the adjustment to original net tax capacity and requires certification be filed before December 31, 2017.

This section is effective upon compliance by the governing body of the City of Oakdale and compliance by the city with filing requirements.

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