Economic development authority definition as the Brooklyn Park City Council

A bill for an act

relating to economic development; defining the Brooklyn Park City Council as

the economic development authority; amending Laws 2024, chapter 120, article

2, section 12, subdivision 1.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

Section 1.

Laws 2024, chapter 120, article 2, section 12, subdivision 1, is amended to

read:

Subdivision 1.

Definitions.

(a) For the purposes of this section, the following terms have

the meanings given.

(b) "Authority" means the Brooklyn Park
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City Council, serving as the Brooklyn Park
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Economic Development Authority.

(c) "Biotech innovation district" means a geographic area in the city identified in the

development plan.

(d) "City" means the city of Brooklyn Park.

(e) "Development plan" means the plan adopted under subdivision 2.

(f) "Project" means a project to implement the development plan.

(g) "Public infrastructure project" means a project financed at least partially with public

money to:

(1) acquire or remediate real property, including site improvement;

(2) demolish, repair, or rehabilitate buildings;

(3) install, construct, or reconstruct public infrastructure necessary for the biotech

innovation district;

(4) acquire, construct, reconstruct, develop, or equip parking facilities and other

transit-related facilities; and

(5) acquire, install, construct, reconstruct, develop, or equip recreational, social, cultural,

or tourism facilities.

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EFFECTIVE DATE.

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This section is effective the day following final enactment.

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