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SF3009 (Legislative Session 94 (2025-2026))

Brooklyn Park tax increment financing special rules establishment

Related bill: HF2777

AI Generated Summary

Purpose of the Bill

The bill allows the city of Brooklyn Park, Minnesota, to establish specific tax increment financing (TIF) districts aimed at redevelopment. These districts are intended to stimulate economic development within certain areas, which include both commercial and residential properties.

Main Provisions

  • Establishment of TIF Districts: The city of Brooklyn Park's economic development authority, or the city itself, can create one or more redevelopment TIF districts. These districts are delineated by specific parcel numbers within the city.
  • Special Rules for TIF Districts: The newly established districts will be subject to special rules which ease the requirements typically needed under Minnesota state law. The districts will automatically meet certain statutory requirements for TIF districts, streamlining the process.
  • Authorized Expenditures: Funds from these TIF districts can be used for a variety of improvements including:
    • Acquisition and improvement of public infrastructure like streets and spaces.
    • Enhancement of sidewalks, trails, lighting, and public art.
    • Improvement of commercial and residential building facades.
    • Development of areas for stormwater management and utility services.

Significant Changes to Existing Law

  • Exemptions from Standard Requirements: The bill exempts these TIF districts from several state requirements and limitations:
    • Specific clauses and subdivisions of Minnesota Statutes related to TIF regulations, expenditure limitations, and project timelines do not apply to these districts.
    • Particularly, it bypasses certain constraints found in sections such as limitations on the use of increments and requirements for establishing TIF plans.

Relevant Terms

  • Tax Increment Financing (TIF)
  • Economic Development
  • Redevelopment Districts
  • Infrastructure Improvements
  • Public Utility Services
  • Facade Improvements
  • Statutory Exemptions

Bill text versions

Actions

DateChamberWhereTypeNameCommittee Name
March 26, 2025SenateFloorActionIntroduction and first reading
March 26, 2025SenateFloorActionReferred toTaxes

Citations

 
[
  {
    "analysis": {
      "added": [
        "Establishes TIF districts in Brooklyn Park with special compliance rules."
      ],
      "removed": [],
      "summary": "This bill applies special rules to tax increment financing districts that are required to meet the criteria outlined in Minnesota Statutes section 469.174, subdivision 10.",
      "modified": []
    },
    "citation": "469.174",
    "subdivision": "subdivision 10"
  },
  {
    "analysis": {
      "added": [
        "Allows specific expenditures for public improvements and building rehabilitations."
      ],
      "removed": [],
      "summary": "This bill specifies that expenditures in a Brooklyn Park TIF district are considered compliant under section 469.176, subdivision 4j.",
      "modified": []
    },
    "citation": "469.176",
    "subdivision": "subdivision 4j"
  },
  {
    "analysis": {
      "added": [
        "Permits use of increments for streets, public spaces, and building improvements."
      ],
      "removed": [],
      "summary": "This bill expands spending capabilities of TIF district increments within Brooklyn Park beyond what is typically allowed under section 469.176, subdivision 4.",
      "modified": []
    },
    "citation": "469.176",
    "subdivision": "subdivision 4"
  },
  {
    "analysis": {
      "added": [],
      "removed": [
        "Exempts the districts from some existing statutory restrictions."
      ],
      "summary": "Certain limitations under section 469.174, subdivision 25 clause 2, do not apply to the Brooklyn Park TIF districts.",
      "modified": []
    },
    "citation": "469.174",
    "subdivision": "subdivision 25 clause 2"
  },
  {
    "analysis": {
      "added": [],
      "removed": [
        "Lifts certain restrictions on the use of TIF funds."
      ],
      "summary": "Limitations or restrictions in section 469.176, subdivisions 4l and 5, are not applicable to the Brooklyn Park TIF districts.",
      "modified": []
    },
    "citation": "469.176",
    "subdivision": "subdivisions 4l and 5"
  },
  {
    "analysis": {
      "added": [],
      "removed": [
        "Excludes the districts from certain statutory compliance obligations."
      ],
      "summary": "The Brooklyn Park TIF districts are exempted from requirements in section 469.1763, subdivisions 2, 3, and 4.",
      "modified": []
    },
    "citation": "469.1763",
    "subdivision": "subdivisions 2, 3 and 4"
  }
]

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