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Senate Counsel, Research and Fiscal Analysis
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Minnesota Senate Bldg.
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95 University Avenue W. Suite 3300
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St. Paul, MN 55155
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(651) 296-4791
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Alexis C. Stangl
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Director
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Senate
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State of Minnesota
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S.F. No. 1896 - Washington County; TIF Authorization
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Author:
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Senator Dan Schoen
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Prepared By:
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Eric S. Silvia, Senate Counsel (651/296-1771)
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Date:
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March 20, 2017
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S.F. No. 1896 authorizes the Washington County Community Development Agency (CDA) to establish one or more TIF districts within a defined project area. The authority to approve districts pursuant to this authorization expires on December 31, 2027. The following special rules apply:
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Several parcels are deemed to meet the “blight test” required under current law to establish redevelopment districts;
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Increment spent outside the district must be spent on blight correction within the project area;
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Pooling percentage limits are increased from 25% to 80%;
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The five-year rule is extended to nine years; and
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The six-year rule does not apply to districts created under this authorization.
Effective upon approval by the city of Newport and Washington County with approval and filing requirements, and applies retroactively to include a redevelopment district approved by the county on November 8, 2016.
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Last review or update: 03/20/2017
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