Bill > HF2585

This bill provides special tax increment financing (TIF) rules for the city of St. Paul, specifically allowing the city's housing and redevelopment authority to establish up to three redevelopment tax increment financing districts within the downtown area (defined as City Planning District Number 17). The bill creates several unique provisions that deviate from standard TIF regulations, including allowing non-contiguous parcels, permitting tax increment use for clearing buildings and creating open spaces, and waiving certain standard restrictions. To qualify, at least 50% of buildings in the district must require substantial renovation or clearance due to issues like inadequate street layout, incompatible land uses, overcrowding, significant vacancy, or obsolete buildings. The authority to request district certification expires on June 30, 2030, with a final deadline for district certification on June 30, 2034. The special TIF districts must follow most standard Minnesota TIF statutes, with the exceptions outlined in the bill. The bill becomes effective after the city of St. Paul complies with specific local government procedural requirements.

Budget and Finance

https://www.revisor.mn.gov/bills/bill.php?b=House&f=HF2585&ssn=0&y=2025