Resolution No. 2023-65, Approving Special Legislation
Resolution No. 2023 - 65
Approving Special Legislation
Whereas, Laws of Minnesota 2023, Chapter 64, Article 8, Section 11 (the “Special Law”) was
enacted by the Legislature of the State of Minnesota and signed into law by Governor Timothy
Walz on May 23, 2023, and relates to special rules governing the use of tax increment financing
by the City of Fridley, Minnesota (the “City”); and
Whereas, the Special Law is effective upon approval by the governing body of the City and upon
compliance by the City with Minnesota Statutes, Section 645.021, subdivisions 2 and 3; and
Whereas, Minnesota Statute Section 645.021, subdivision 2, requires approval of the Special Law by
the City; and
Whereas, A copy of the text of the Special Law is attached hereto as Exhibit A.
Whereas, Minnesota Statute Section 645.021, subdivision 3, requires that upon approval of the
Special Law by the City, that the City file a certificate of approval, as proscribed by the attorney
general, and a copy of its resolution of approval with the Secretary of State prior to the first day of
the next regular session of the Legislature.
Now therefore, be it resolved, by the City Council (the “Council”) of the City of Fridley, as follows:
1. The Special Law is hereby approved.
2. The City Clerk is hereby directed to file a certificate of approval and a certified copy of the
City’s resolution of approval with the Secretary of State prior to the first day of the next regular
session of the Legislature.
3. The Special Law is effective upon compliance with the above requirements.
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Passed and adopted by the City Council of the City of Fridley this 12 day of June, 2023.
_______________________________________________
Scott J. Lund – Mayor
Attest:
___________________________________________
Melissa Moore – City Clerk
Exhibit A
Text of Special Law
Sec. 11. CITY OF FRIDLEY; TAX INCREMENT FINANCING DISTRICT; SPECIAL RULES.
Subdivision 1. Transfer of increment. Notwithstanding Minnesota Statutes,
section 469.176, subdivision 4j. the city of Fridley or its economic development authority
may transfer tax increment accumulated from Fridley Tax Increment Financing District
No. 20 to the Fridley Housing and Redevelopment Authority for the purposes authorized
in subdivision 2. Only increment allowed to be expended outside of the district pursuant
to Minnesota Statutes, section 469.1763, subdivision 2, may be transferred under this
section.
Subd. 2. Allowable use. Tax increment transferred under subdivision 1 must be used
only to:
(1) make grants, loans, and loan guarantees for the development,
rehabilitation, or financing of housing; or
(2) match other funds from federal, state, or private resources for housing
projects.
Subd. 3. Annual financial reporting. Tax increment transferred under this section is
subject to the annual reporting requirements under Minnesota Statutes, section 469.175,
subdivision 6.
Subd. 4. Legislative reports. By February 1, 2025, and February 1, 2027, the city of
Fridley must issue a report to the chairs and ranking minority members of the legislative
committees with jurisdiction over taxes and property taxes. Each report must include
detailed information relating to each program financed with increment transferred under
this section.
Subd. 5. Expiration. The authority to make transfers under subdivision 1 expires
December 31, 2027.
EFFECTIVE DATE. This section is effective the day after the governing body of the city
of Fridley and its chief clerical officer comply with the requirements of Minnesota Statutes,
section 645.021, subdivisions 2 and 3.