Tax increment financing; special rules authorized for the city of Maple Grove.

HF 160 amends Minnesota's tax increment financing rules to authorize special provisions for the city of Maple Grove. It creates a defined "soil deficiency district" within a specific project area in Maple Grove where soil conditions (like peat, poor terrain, or landfills) require significant preparation before commercial development can occur. The bill requires that at least 80% of the project area's acreage (excluding roads) must meet these soil conditions, and the cost of preparation must exceed the land's fair market value before work begins. This allows Maple Grove to use tax increment financing to fund necessary soil work, directly affecting property owners and developers in the designated area.