HomeMy WebLinkAbout9.e. Special TIF LegislationCITY OF ROSEMOUNT
EXECUTIVE SUMMARY FOR ACTION
CITY COUNCIL MEETING DATE: APRIL 16, 1991
AGENDA ITEM: TIF LEGISLATION
AGENDA SECTION:
ADMINISTRATOR'S REPORT
PREPARED BY: STEPHAN JILK, CITY ADMINISTRATOR
AGENDA "'ITEM
M �.
ATTACHMENTS: LEGISLATIVE BILL
A VE BY:
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Introduced by Pariseau, Merriam, Bernhagen
[REVISOR J HMW/AT 91-2773
S.F. No. 1408
April 10, 1991 Companion H.F. No.
Referred to Committee on ENVIRONMENT & NATURAL RESOURCES
Reproduced by PHILLIPS LEGISLATIVE SERVICE
1 A bill for an act
2 relating to the city of Rosemount; authorizing the
3 establishment of a special environmental treatment
4 area, the establishment of tax increment financing
5 districts, and the exercise of certain development and
6 contaminant remediation powers.
7 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
8 Section 1. [DEFINITIONS.]
9 Subdivision 1. As used in this act, the following terms
10 have the followinq meanings
11 Subd. 2. "Area" means the special environmental treatment
12 area described in section 2.
13
Subd.
3. "City" means the
city of
Rosemount or the
14
Rosemount
economic development
authority,
or both.
15 Subd. 4. "TIF act" means Minnesota Statutes, sections
16 469.174 to 469.179.
17 Subd. 5. "District" means any tax increment financing
18 district described in this act.
19 Subd. 6. "Additional tax increment" means the tax
20 increment received by the city which is derived frnm ane,
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1 (4) pollution tests;
2 (5) demolition;
3 (6) soil removal, correction, disposal, or compaction;
4 (reparation and implementation of environmental
5 response lans;
6 (8) administrative, leqal (including litigation), and
7 professional fees; and
8 (9) other activities reasonably related to the prevention
9 or amelioration of contamination.
10 Sec. 2. [DESCRIPTION AND STATUS OF SPECIAL ENVIRONMENTAL
11 TREATMENT AREA.]
12 A special environmental treatment area is established
13 consisting of those portions of the city described as follows
14 Beginning at the intersection of the westerly right of way
15 line of County State Aid Hiqhway (CSAH) No 71 and the northerly
16 corporate boundary of the city, thence southerlyalong the
17 westerly right-of-way line of CSAH No 71 to the northerly -
18 right-of-way line of CSAR No 42, thence westerly alon the
19 northerly right-of-way line of CSAH No 42 to the westerly
20 right-of-way line of Akron Avenue, thence southerly along the
21 westerly right-of-way line of Akron Avenue on a lineproject-ed
22 to the southerly corporate boundary of the City, thence easterly
23 along the southerly corporate boundary to the westerly corporate
24 boundary of the city of Coates, county of Dakota, Minnesota,
25 thence northerly along the westerly corporate boundary of the
26 city of Coates to the intersection of the westerly boundary of
27 the city of Coates and the northerly boundary of the city of
28 Coates, thence easterly along the northerly boundary of the city
29 of Coates to the easterly right-of-way line of United States
30 Trunk Highway (USTH) No. 52, thence Snrtt-har1-t, =1, -- sir
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1 for which the expenditure of public funds and the exercise of
2 the powers provided by this act are authorized and in the public
3 interest.
4 Sec. 4. [STATUS OF AREA; POWERS OF CITY.I
5 The area shall constitute:
6 (1) a "protect" of the city within the meaning of Minnesota
7 Statutes, section 469.174, subdivision 8, of the TIF Act;
8 (2) an "industrial development district" as described in
9 Minnesota Statutes, section 469.058, subdivision 1;
10 (3) a "pro-ject" as described in Minnesota Statutes, section
11 469.002, subdivision 12; and
12 (4) a "development district" as described in Minnesota
13 Statutes, section 469.125, subdivision 9.
14 The city shall adopt and may amend from time to time a plan -for
15 the development of the area or portions of it. With respect to
16 the area, the city may exercise all powers granted by this act
17 and all powers of or relating to a port authority, a housing and
18 redevelopment authority, and an economic development authority
19 pursuant to Minnesota Statutes, chapter 469, or other law. The
20 city may Establish within the area and modify from time to time
21 one or more tax increment financing districts pursuant to and
22 subject to the provisions of the TIF Act, except as supplemented
23 or otherwise provided by this act
G4 Sec. 5. [LIMITATIONS.]
25 Every tax increment financing district established by the
26 city pursuant to this act shall be subject to the following
27 Drovisions:
28 ,a) Request for certification shall be filed with the
29 county auditor before July 1, 1995, but the city may by written
?n n�4-; 4-- LL_
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1 during which the increased tax increment arising from this
2 paraqraph. is not longer than, that which is necessary to provide
3 remediation of the site.
4 The increased tax increment derived from this paraqraph shall be
5 used only for the costs of remediation of the site and upon
6 payment or provision for payment of remediation costs, the city
7 shall notify the county auditor, and the reduction in original
8 net tax capacity of the subject pro erties shall thereafter not
9 be more than 35 percent of original net tax capacity, subject to
10 the provisions of paragra h (d) The city shall com ly with
11 Minnesota Statutes, section 469.174, subdivision 17, requiring
12 the preparation of a development action response plan and the
13 approval by the pollution control agency, in connection with the
14 exercise of the powers described in this paragraph,
15 (f) The city shall decertify the district upon receipt of
16 sufficient tax increment therefrom to pay, or to provide for the
17 payment of, all of the costs of development respecting the area,
18 and the city shall treat all tax increment which may exceed
19 requirements as excess tax increment which the citv shall return
20 to the county auditor for redistribution
21 (g) In establishing or modifying a district, the city shall
22 satisfy the requirements of Minnesota Statutes, section 469 175,
23 but subdivisions 1, paragraph (7), la, and 7 shall not apply and
24
the findings otherwise required by
subdivision
3 shall not
be
25
required, except that the city shall make the
finding, supported
26
by the city with written reasons
or supporting
facts, that
the
27
action is reasonably required in
the judgment
of the city
in
28
furtherance of the development of
the area
29
(h) The following provisions
of the TIF act shall not
apply
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1 and the city may, without limitation, in connection with the
2 exercise of any power resDectinq development or the
3 establishment of a tax increment financing district, elect not
4 to use the authority granted by this act and instead proceed
5 under and subject to all of the terms of the other applicable
6 law, including Minnesota Statutes, sections 469.174 to 469.179
7 with respect to a tax increment financing district.
8 Sec. 9. [LOCAL APPROVAL.]
9 This ,act is effective for the city the day after compliance
10 the city council of the city of Rosemount with Minnesota
11 Statutes, section, 645.021, subdivision 3.