SF65 (Legislative Session 94 (2025-2026))
Maple Grove tax increment financing special rules authorization
Related bill: HF160
AI Generated Summary
Senate File No. 65 is a legislative bill focused on enhancing tax increment financing (TIF) specifically for the city of Maple Grove, Minnesota. This bill proposes modifications to existing statues to accommodate unique requirements and conditions pertaining to certain development areas within the city. Key aspects of the bill include:
Definitions: Establishes what constitutes the project area within Maple Grove for TIF purposes, including the precise geographical boundaries and the types of zones (e.g., soil deficiency district) covered under this TIF plan.
Special Rules: This plan introduces special rules that apply to various district types within the project area, such as redevelopment districts, soil condition districts, and others. These rules outline the conditions under which these districts can be established, based on specific deficiencies and requirements in terrain or soil that make development challenging.
Extended Use of TIF Funds: Extends the use of TIF increments from the typical five years to up to eight years for qualifying projects. Additionally, the bill specifies how these funds can be utilized, including land acquisition, addressing soil and terrain issues, and infrastructure improvements necessary because of these deficiencies.
Expenditure Flexibility: Allows a portion of the TIF revenue to be used outside of the designated district but within the broader project area, under certain conditions, to support infrastructure and development needs.
Timeline and Use Restrictions: Sets a timeline for the collection and utilization of TIF funds and restricts the use of funds for specific types of projects, excluding retail and housing developments.
Authority and Oversight: Establishes the conditions under which the city can approve TIF plans and create districts, with an expiration date for initiating new TIF districts under these rules set for June 30, 2020.
In summary, this bill aims to provide Maple Grove with more flexible and tailored tools for managing and funding urban development projects that encounter specific challenges due to the natural conditions of the area. It seeks to enable more effective and efficient development in targeted areas, enhancing economic growth and infrastructure development within the city.
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 | Senate | Floor | Action | Referred to | Taxes |
| January 15, 2025 | House | Floor | Action | Referred to | Taxes |
| February 02, 2025 | House | Floor | Action | Author added | |
| February 02, 2025 | Senate | Floor | Action | Author added | |
| February 09, 2025 | House | Floor | Action | Author added | |
| February 09, 2025 | Senate | Floor | Action | Author added |
Citations
[
{
"analysis": {
"added": [],
"removed": [],
"summary": "Reference to definitions for roads as part of criteria for soil deficiency districts under section 160.01.",
"modified": [
"Clarifies exclusion of road-related costs for soil deficiency district definitions."
]
},
"citation": "160.01",
"subdivision": ""
},
{
"analysis": {
"added": [],
"removed": [],
"summary": "Details local improvement specifications referenced in tax increment financing requirements under section 429.021, subdivision 1.",
"modified": [
"Defines local improvements relevant to soil deficiency district cost assessments."
]
},
"citation": "429.021",
"subdivision": "subdivision 1"
},
{
"analysis": {
"added": [],
"removed": [],
"summary": "Reference to statutes governing local improvements and assessments as part of cost exclusion in section 430.01.",
"modified": [
"Excludes certain local improvement costs from soil deficiency district criteria."
]
},
"citation": "430.01",
"subdivision": ""
},
{
"analysis": {
"added": [],
"removed": [],
"summary": "Reference to definitions of substandard buildings impacting soil deficiency district characterization under section 469.174 subdivision 10.",
"modified": [
"Defines substandard buildings as part of criteria for soil deficiency districts."
]
},
"citation": "469.174",
"subdivision": "subdivision 10"
},
{
"analysis": {
"added": [
"Extends five-year rule to 13 years for districts as per special rules."
],
"removed": [
"Elimination of specific subdivision's applicability to districts."
],
"summary": "Modifications to the five-year rule and revenue expenditure rules for tax increment financing districts under section 469.176 subdivisions 3 and 4.",
"modified": [
"Adjusts revenue expenditure limits and extensions for soil deficiency districts."
]
},
"citation": "469.176",
"subdivision": "subdivisions 3, 4"
}
]