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S.F. No. 1777 - City of Detroit Lakes; Tax Increment Financing
 
Author: Senator Kent Eken
 
Prepared By: Eric S. Silvia, Senate Counsel (651/296-1771)
 
Date: March 10, 2014



 

S.F. 1777 extends, by two years, the authority for the city of Detroit Lakes to approve a tax increment financing district. Special legislation passed in 2006 authorized the city to create a redevelopment tax increment financing district by December 31, 2014. This proposal extends that period to December 31, 2016.

Effective upon compliance by governing body of the city of Detroit Lakes with local approval and filing requirements.

 

ESS/tg 

 
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