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DEC-19-2002 14:56 ROSEVILLE-COMM-DEV 6514902931 P.16/27 <br /> ' 469.1812 <br /> • <br /> TAX ABATEMENT <br /> 469.1812 DEFINITIONS. <br /> Subdivision 1. <br /> Scope. For purposes of sections 469.1812 to <br /> 469.1815, the following terms have the meanings given. <br /> Subd. 2. Governing body. "Governing body" means, for a city, <br /> ") the city council; for a school district, the school board; for a county, the <br /> county board; and for a town, the board of supervisors. <br /> • 1 Subd. 3. Municipality. "Municipality" means a statutory or home <br /> rule charter city or a town. <br /> • <br /> Subd. 4. Political subdivision or subdivision. "Political <br /> . subdivision" or "subdivision" means a statutory or home rule charter city, <br /> town, school district, or county. <br /> HIST: 1997 c 231 art 2 s 45; 1999 c 248 $ 19; 1 Sp2001 c 5 art 15 s 25 <br /> 469.1813 ABATEMENT AUTHORITY. <br /> Subdivision 1. Authority. The governing body of a political <br /> 1 subdivision may grant an abatement of the taxes imposed by the political <br /> subdivision on a parcel of property, or defer the payments of the taxes and <br /> abate the interest and penalty that otherwise would apply, if: <br /> (a) it expects the benefits to the political subdivision of the <br /> proposed abatement agreement to at least equal the costs to the political <br /> subdivision of the proposed agreement or intends the abatement to phase <br /> • in a property tax increase, as provided in clause (b)(7); and <br /> Krass Monroe, P.A. <br />