Eden Prairie; special tax increment financing rules authorized.

This bill authorizes special tax increment financing rules for the city of Eden Prairie, allowing the city to use a specific funding mechanism for development projects. The key change extends the expiration date for approving tax increment financing plans from December 31, 2026, to December 31, 2028, giving the city additional time to utilize this funding tool. The bill also specifies that these provisions become effective only after Eden Prairie's governing body and chief clerical officer meet certain state requirements. This legislation directly affects the city of Eden Prairie by modifying the timeline for one of its financial planning options.