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~ DEC-19-2002 14:58 ROSEVILLE-COMM-DEV 6514902931 P.24/27 <br /> J 469.1814 <br /> • <br /> J (d) The authority to grant new abatements under this subdivision <br /> expires on July 1, 2004. <br /> Subd. 7. Review modification and modification of abatements. The <br /> political subdivision may provide in the abatement resolution that the <br /> .� abatement may not be modified or changed during its term. If the <br /> abatement resolution does not provide that the abatement may not be <br /> modified or changed, the governing body of the political subdivision may <br /> review and modify the abatement every second year after it was <br /> approved. <br /> Subd. 8. Limitation on abatements. In any year, the total <br /> • amount of property taxes abated by a political subdivision under this <br /> section may not exceed (1) five percent of the current levy, or (2) <br /> $100,000, whichever is greater. <br /> Subd. 9. Consent of property owner not required. A political <br /> ..t <br /> subdivision may abate the taxes on a parcel under sections 469.1812 to <br /> 469.1815 without obtaining the consent of the property owner. <br /> 3 HIST: 1997 c 231 art 2 s 46; 1998 c 397 art 11 s 3; 1999 c 243 art 10 s 8- <br /> 14; 1999 c 248 s 19; 2000 c 490 art 11 s 33-35; 1 Sp2001 c 5 art 15 s 26 <br /> 469.1814 BONDING AUTHORITY. <br /> Subdivision 1. Authority. A political subdivision may issue <br /> bonds or other obligations to provide an amount equal to the sum of the <br /> abatements granted for a property under section 469.1813. The <br /> 9 Krass Monroe, P.A. <br />