The legislative bill SF No 109 is focused on special tax rules for the city of Maplewood, Minnesota. Specifically, it aims to modify existing legislation to allow the city or its economic development authority to establish tax increment financing (TIF) districts under more flexible conditions.

Key provisions in the bill include:

1. Location Specificity: It pertains particularly to a defined project area known as the 3M Renovation and Retention Project Area.

2. Rule Adjustments: Certain typical requirements for redevelopment tax increment districts do not apply to this area. For example, the standard eligibility requirements are relaxed, and rules that normally limit spending and the distribution timeline of tax increments are modified:

   • The standard rule requiring 90% of tax increments to be spent specifically on certain expenditures is waived.
   • The rule that typically governs spending outside the district does not apply, and the usual timeframe for such expenditures is extended from five to ten years.
   • Additionally, it specifies that expenditures for this area can only occur within a certain geographical boundary.

3. Pause in Increment Usage: If, within a year, no work like demolition, rehabilitation, or renovation starts on a project within the district, no further tax increments can be collected for that area until such activities commence.

4. Expiry Date for Establishing TIF plans: The bill also sets a deadline (December 31, 2018) by which the city must approve any tax increment financing plans and establish such districts.

This legislation is designed to provide specific economic development tools tailored to facilitate and support redevelopment efforts within a key zone in Maplewood, potentially involving the 3M Company.