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S.F. No. 1646 - Bloomington TIF Extension; Met Center
 
Author: Senator Julianne E. Ortman
 
Prepared By: Eric S. Silvia, Senate Counsel (651/296-1771)
 
Date: February 27, 2012



 

 

This bill authorizes the City of Bloomington and the Bloomington Port Authority to extend the duration of TIF District 1-G (containing the former Met Center property) and a portion of 1-C, through December 31, 2038.  Absent an extension, the district must decertify in 2018.

 This bill is effective upon compliance of Bloomington’s governing body and compliance with statutory notice requirements.

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