Tax increment financing; special rules authorized for the city of Eden Prairie.

HF 158 allows the city of Eden Prairie to establish up to two tax increment financing (TIF) districts in a specific area bounded by Flying Cloud Drive, West 78th Street, and Prairie Center Drive for economic redevelopment. The bill authorizes these districts to automatically meet certain state requirements (Minnesota Statutes § 469.174, subd. 10) and exempts them from a standard provision (§ 469.176, subd. 4j) that normally applies to TIF districts. This special rule directly affects Eden Prairie's economic development authority and city government when planning new redevelopment projects within the designated area. The authority to create these districts expires December 31, 2026.