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S.F. No. 1413 - City of Richfield TIF; 5-Year Rule Extension
Author: Senator Patricia Torres Ray
Prepared By: Eric S. Silvia, Senate Counsel (651/296-1771)
Date: March 8, 2017


S.F. No. 1413 provides a three-year extension of the five-year rule for the Lyndale Gardens Tax Increment Financing District in the city of Richfield. The Lyndale Gardens TIF District is a redevelopment district that was certified on March 29, 2013. Under current law, the five-year rule expires on March 29, 2018.

Effective upon compliance by the city of Richfield with approval and filing requirements.

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