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DEC-19-2002 14:57 ROSEVILLE-COMM-DEV 6514902931 P.19/27 <br /> 469.1813 • <br /> • 3 <br /> under this section is not an abatement for purposes of state aid or local <br /> levy under sections 127A.40 to 127A.51. <br /> Subd. <br /> 4. Property located in tax Increment financing <br /> districts. The governing body of a political subdivision may not enter into I <br /> a property tax abatement agreement under sections 469.1812 to 469.1815 <br /> .241 <br /> that provides for abatement of taxes on a parcel, if the abatement will <br /> occur while the parcel is located in a tax increment financing district. <br /> Subd. 5. Notice and public hearing. (a)The governing body of <br /> 4.0 <br /> the political subdivision may approve an abatement under sections <br /> 469.1$12 to 469.1815 only after holding a public hearing on the <br /> abatement. j <br /> (b) Notice of the hearing must be published in a newspaper of <br /> general circulation in the political subdivision at least once more than ten .j <br /> days but less than 30 days before the hearing. The newspaper must be <br /> one of general interest and readership in the community, and not one of <br /> limited subject matter. The newspaper must be published at least once <br /> per week. The notice must indicate that the governing body will consider 3.. <br /> granting a property tax abatement, identify the property or properties for <br /> which an abatement is under consideration, and the total estimated <br /> amount of the abatement. <br /> Subd. 6. Duration limit. (a) A political subdivision may grant an <br /> • abatement for a period no longer than ten years, except as provided under <br /> 4 Kress Monroe, P.A. <br />