City of Eden Prairie tax increment financing special rules authorization

This bill authorizes 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. It waives two standard TIF requirements: it deems these districts compliant with general TIF rules (Minn. Stat. § 469.174, subd. 10) and exempts them from a specific provision about district boundaries (Minn. Stat. § 469.176, subd. 4j). The authorization expires December 31, 2026, and applies only to Eden Prairie's development plans within the defined area. Property owners in these districts would see future tax revenue allocated to funded projects under this special rule.