HF2777 (Legislative Session 94 (2025-2026))
Brooklyn Park; special tax increment financing rules established.
Related bill: SF3009
AI Generated Summary
Purpose of the Bill
The bill is designed to establish special tax increment financing (TIF) rules for the city of Brooklyn Park, Minnesota, specifically targeting development in the Brooklyn Boulevard and West Broadway area.
Main Provisions
Establishment of TIF Districts: The city of Brooklyn Park or its economic development authority can create one or more redevelopment tax increment financing districts within specified areas. These districts are defined by parcel numbers and include specific roadways such as sections of Brooklyn Boulevard and West Broadway Avenue.
Permitted Expenditures: Increments from these districts can be spent on various public improvement projects, including:
- Acquisition and improvement of public streets, sidewalks, trails, lighting, and pedestrian/bike features.
- Stormwater management, burial of public and private utilities, creation of public plazas, and installation of public art.
- Rehabilitation or facade improvements for commercial and residential buildings.
Significant Changes to Existing Law
Deemed Compliance: The bill considers the new TIF districts to automatically meet specific requirements of existing Minnesota Statutes, particularly regarding definitions and permitted expenditures.
Exemptions: The bill exempts these districts from certain existing statutory requirements and restrictions, enabling more flexibility in financing and executing redevelopment projects in the designated areas.
Relevant Terms
tax increment financing, Brooklyn Park, redevelopment, public improvements, exemptions, Minnesota Statutes, commercial and residential rehabilitation, infrastructure development
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 |
| March 23, 2025 | House | Floor | Action | Introduction and first reading, referred to | Taxes |
Citations
[
{
"analysis": {
"added": [],
"removed": [],
"summary": "The bill allows the city of Brooklyn Park to establish TIF districts that meet requirements outlined in section 469.174, subdivision 10.",
"modified": []
},
"citation": "469.174",
"subdivision": "subdivision 10"
},
{
"analysis": {
"added": [],
"removed": [],
"summary": "The bill deems certain expenditures as meeting the requirements under section 469.176, subdivision 4j.",
"modified": []
},
"citation": "469.176",
"subdivision": "subdivision 4j"
},
{
"analysis": {
"added": [
"New expenditures for public improvements and building rehabilitations."
],
"removed": [],
"summary": "The legislation allows spending increments on additional expenditures as outlined in this section.",
"modified": []
},
"citation": "469.176",
"subdivision": "subdivision 4"
},
{
"analysis": {
"added": [],
"removed": [
"Specific limitation in clause 2 are no longer applicable."
],
"summary": "The bill removes the application of specific limitations or restrictions stated in section 469.174, subdivision 25 clause 2.",
"modified": []
},
"citation": "469.174",
"subdivision": "subdivision 25"
},
{
"analysis": {
"added": [],
"removed": [
"Restrictions in 4l subdivision no longer apply."
],
"summary": "Certain restrictions in subdivisions of 4l are not applicable under this bill.",
"modified": []
},
"citation": "469.176",
"subdivision": "subdivisions 4l"
},
{
"analysis": {
"added": [],
"removed": [
"Exemptions from requirements outlined in subd. 5."
],
"summary": "The section exempts the district from certain requirements of subdivision 5.",
"modified": []
},
"citation": "469.176",
"subdivision": "subdivision 5"
},
{
"analysis": {
"added": [],
"removed": [
"Requirements in subdivisions 2, 3, and 4 are waived for these districts."
],
"summary": "The bill exempts certain TIF districts from the usual requirements outlined in sections 469.1763, subdivisions 2, 3, and 4.",
"modified": []
},
"citation": "469.1763",
"subdivision": "subdivisions 2, 3, and 4"
}
]