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S.F. No. 3100 - City of Anoka; 5-Year Rule Extension
 
Author: Senator Jim Abeler
 
Prepared By: Eric S. Silvia, Senate Counsel (651/296-1771)
 
Date: April 7, 2016



 

S.F. 3100 provides a three-year extension of the five-year rule for the city of Anoka’s Greens of Anoka redevelopment tax increment financing district by deeming its certification date as June 30, 2012, rather than its actual certification date of July 2, 2012.

In 2014, the legislature provided that for redevelopment districts certified after April 20, 2009 and before June 30, 2012, the five-year rule is extended to eight years after certification of the district.

Effective upon compliance by the governing body of the city of Anoka with approval and filing requirements.

 

ES/tg

 
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