Hopkins; tax increment financing special rules authorized.

Summary

The bill lengthens the standard five‑year term for the Hopkins Tax Increment Financing District 1‑6 to ten years and extends the post‑term use period from five to eleven years. It becomes effective the day after the city’s governing body and chief clerical officer satisfy the requirements of Minnesota Statutes §645.021. The changes apply only to that specific TIF district in Hopkins.

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