HF2777 (Legislative Session 94 (2025-2026))
Brooklyn Park; special tax increment financing rules established.
Related bill: SF3009
AI Generated Summary
Purpose of the Bill
This bill aims to establish special tax increment financing (TIF) rules for the city of Brooklyn Park, Minnesota. The intent is to support redevelopment efforts within specific areas of the city by using TIF districts, which allow the city to invest in improvements and generate economic development through future tax revenue increases.
Main Provisions
Establishment of TIF Districts: Brooklyn Park can set up one or more redevelopment TIF districts in specified areas, identified by current parcel identification numbers and sections of Brooklyn Boulevard and West Broadway Avenue.
Special Rules for TIF Use: The districts are automatically considered to meet certain statutory requirements, making it easier for Brooklyn Park to proceed with redevelopment projects.
Allowed Expenditures: Funds from these TIF districts can be used for:
- Improvement of public infrastructure including streets, sidewalks, lighting, and bike paths.
- Stormwater management and burying utilities.
- Enhancement of public spaces like plazas and the installation of public art.
- Rehabilitation or facade improvements of commercial and residential buildings.
Significant Changes to Existing Law
- The bill exempts these TIF districts from some existing limitations and requirements under Minnesota's general statutes on TIF, specifically allowing broader use of increment funds for various redevelopment activities.
Relevant Terms
tax increment financing, Brooklyn Park, economic development, redevelopment districts, public infrastructure, building rehabilitation, statutory requirements, public spaces improvement.
Bill text versions
- Introduction PDF file
Actions
| Date | Chamber | Where | Type | Name | Committee Name |
|---|---|---|---|---|---|
| March 23, 2025 | House | Floor | Action | Introduction and first reading, referred to | Taxes |
Citations
[
{
"analysis": {
"added": [
"Acknowledges Brooklyn Park TIF districts automatically meet these statutory requirements."
],
"removed": [
""
],
"summary": "Special rules for tax increment financing districts in Brooklyn Park meet requirements of section 469.174.",
"modified": [
""
]
},
"citation": "469.174",
"subdivision": "subdivision 10"
},
{
"analysis": {
"added": [
"Development expenditures considered compliant with this statute."
],
"removed": [
""
],
"summary": "Expenditures related to Brooklyn Park development meet requirements under section 469.176, subdivision 4j.",
"modified": [
""
]
},
"citation": "469.176",
"subdivision": "subdivision 4j"
},
{
"analysis": {
"added": [
"Additional authorized expenses for infrastructure and building improvements."
],
"removed": [
""
],
"summary": "Enhances allowable expenses for TIF districts beyond what is generally permitted under section 469.176, subdivision 4.",
"modified": [
""
]
},
"citation": "469.176",
"subdivision": "subdivision 4"
},
{
"analysis": {
"added": [
""
],
"removed": [
"Districts in Brooklyn Park are exempt from this specific statutory clause."
],
"summary": "Statutory requirement under section 469.174, subdivision 25, clause 2, does not apply.",
"modified": [
""
]
},
"citation": "469.174",
"subdivision": "subdivision 25"
},
{
"analysis": {
"added": [
""
],
"removed": [
"Sections exempt districts from these limitations or restrictions."
],
"summary": "Statutory requirements under sections 469.176, subdivisions 4l and 5, do not apply.",
"modified": [
""
]
},
"citation": "469.176",
"subdivision": "subdivisions 4l and 5"
},
{
"analysis": {
"added": [
""
],
"removed": [
"These statutory limitations or restrictions are waived for Brooklyn Park TIF districts."
],
"summary": "Statutory requirements under sections 469.1763, subdivisions 2, 3, and 4, do not apply.",
"modified": [
""
]
},
"citation": "469.1763",
"subdivision": "subdivisions 2, 3 and 4"
}
]