SF115

SF115 (Legislative Session 94 (2025-2026))

City of Eden Prairie tax increment financing special rules authorization

Related bill: HF158

AI Generated Summary

This legislative bill is proposing to give the city of Eden Prairie, in the state of Minnesota, the authority to establish up to two redevelopment areas where they can use tax increment financing (TIF). These areas would be around Flying Cloud Drive, West 78th Street, and Prairie Center Drive. The bill includes special rules to make it easier to set up these districts by automatically meeting certain legal requirements and bypassing others typically in place for these types of financial districts. The city has a deadline until December 31, 2026, to get these TIF plans approved.

Bill text versions

Introduction PDF file

Actions

Date	Chamber	Where	Type	Name	Committee Name
January 15, 2025	House	Floor	Action	Introduction and first reading
January 15, 2025	Senate	Floor	Action	Introduction and first reading
January 15, 2025	House	Floor	Action	Referred to	Taxes
January 15, 2025	Senate	Floor	Action	Referred to	Taxes
February 02, 2025	House	Floor	Action	Author added
February 02, 2025	Senate	Floor	Action	Author added

Citations

[
  {
    "analysis": {
      "added": [
        "Authorization for two redevelopment districts in Eden Prairie with special rules."
      ],
      "removed": [
        ""
      ],
      "summary": "The bill references section 469.174 subdivision 10, deeming new districts to meet its requirements.",
      "modified": [
        "Clarification that these districts are automatically deemed compliant with section 469.174."
      ]
    },
    "citation": "469.174",
    "subdivision": "subdivision 10"
  },
  {
    "analysis": {
      "added": [
        ""
      ],
      "removed": [
        "Subdivision 4j requirement for tax increment financing is waived for these districts."
      ],
      "summary": "This section states that subdivision 4j of section 469.176 does not apply to certain tax increment financing districts in Eden Prairie.",
      "modified": [
        ""
      ]
    },
    "citation": "469.176",
    "subdivision": "subdivision 4j"
  }
]