10.0 EDSR 02-13-2006 - Laserfiche WebLink

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FEB-18-2006 td9~50 LEAGUE OF MN CITIES 6512811299 P. 13 02/07/06 REVISOR JS1{/IvIIC 06-5594 tza c to ca out a ro to remcd or im rove an environmtmtall contaminated la.z 12 3 ~d) to earrv out a pro¢am to rem •dv or irnnro e a bliehted area or 12.a (e) to facilitate development of housing for low or moderate income persons as 12,5 dcfined under any federal. state or local proatam ix.a Subd. 3. Economic development The public benefits of economic development Iz.7 including an increase in tax base tax revenues emplovmmt or amoral economic health. 12.s shall not by themselves constitute a public purpose except as prorided in subdivision 4 12.9 Subd. 4. Exceptions. Notwithstandin¢ any othernrovision oflaw a condemnin iz.l o authority under this chapter may condemn property if one or more of the followine forms 12.11 of financial assistance are present: tx.12 1 a ant awarded b a state a ency fot economic development related purposes if tz.13 a~lc business receives 4200 000 or mop: of the rant proceeds t z.la (2) a grant award to local units of ¢ovemment or development authorities under 12.15 sections 1167.551 1167.559 116).571 and 1167.8731• t2.ts 3 a loan or the gran or urchase of a loan made b a state a enc for economic 12.17 develo meat related ur oses if a sin le business receives $500 000 or more of the loan 12.18 proCeeda; 12.19 4 a reduction credit or abatement of a tax assessed under cha ter 297A or 290 iz.zo where the tax reduction. credit or abatement applies to a eoaaphic area smaller than the 12.7.1 entire state and wasgranted for economic development related pu_ oses or 12.22 5 an a ro nation b the legislature to acquire or better proneity in whole or in 12.23 art with the roceeds of state eneral obli afion bonds authorized to be issued undo iz.za article XI ecction 5 clause a of the Minnesota Constitution. 1aa5 Financial assistance dons not include a cots b tha state of aids and credits under iz.zc chapter 273 or 477A to a political subdivision 12.27 Subd. 5. Disclosure. All licants must indicate on a lications for financial i2.za assistance under subdivision 4 whether the lise of eminent domain ma be accessary to 1259 acquire propeliv forthe proieet 1236 Sec. 16. EFFECTIVE DATE 1231 Sections 1 to 6 and 10 and 11 are cflectlve for condemnation roceedin s that t2.JZ are commenced on or after Au st 1 2006. Sections 7 8 and 9 are effective for all tz.33 a~uisitions in which ille initial notice of elieibility is given on or after Au¢~~st 1 iz.3a 2006. Sections 12 to 15 a 1 to an roe that is included in a rcdevelo mep[ plan 12.35 established, on or after Aueust 1 2006 Scc. 16. 12 TOTRL P. 13