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 | Senate | Floor | Action | Introduction and first reading | |
| January 15, 2025 | Senate | Floor | Action | Referred to | Taxes |
| February 02, 2025 | Senate | Floor | Action | Author added |
Citations
[
{
"analysis": {
"added": [
"Provides exemption from certain standard requirements, facilitating simpler establishment."
],
"removed": [
"None."
],
"summary": "The bill references the statutory framework for defining and regulating tax increment financing districts, indicating that the proposed districts in Eden Prairie are automatically considered compliant.",
"modified": [
"Alters compliance verification for new districts in Eden Prairie."
]
},
"citation": "469.174"
},
{
"analysis": {
"added": [
"Special exemption for the newly created districts."
],
"removed": [
"Subdivision 4j requirements for accountability or restrictions."
],
"summary": "Excludes new Eden Prairie districts from the conditions of section 469.176, subdivision 4j, which may relate to financial or procedural stipulations.",
"modified": [
"Applies a local exception, bypassing certain statewide controls."
]
},
"citation": "469.176"
}
]