Legislative Session number- 81

Bill Name: SF2937

E Providing for mitigation of the impacts of expansion of the Minneapolis-St.
Paul international airport on the cities of Bloomington, Burnsville, Eagan,
Mendota Heights, Minneapolis, Richfield and St. Paul; authorizing the cities to
study and identify airport impacts, specifying certain consideration
requirements and requiring subsequent adoption of a report on the impacts and
development of an airport mitigation plan for an airport impact zone in the
city, specifying certain plan development, content and public hearing
requirements, requiring submission of the plan and mitigation report to the
metropolitan council for approval after initial approval, requiring copies to
the metropolitan airports commission for review and comment, requiring the
council before approval to establish criteria for evaluating proposed airport
impact zones and districts and mitigation measures, requiring consultation with
the cities and MAC in developing the criteria; specifying certain requirements
for plan changes; authorizing and providing for the cities to establish airport
impact tax increment financing (TIF) districts within an airport impact zone;
creating the airport impact mitigation fund to be administered by the
metropolitan council; providing for annual appropriation of certain excess
revenues derived from the sales tax on airport sales and appropriating a certain
amount of money from the general fund and specifying certain authorized uses and
disbursement requirements; providing for termination of the fund; authorizing
and providing for the cities to issue obligations to pay or reimburse mitigation
plan implementation costs; authorizing and providing for the metropolitan
council to establish an airport impact mitigation bond credit enhancement
program for use under certain conditions (ra, ja)