City of St. Cloud tax increment financing special rules authorization provision

This bill extends two key deadlines for St. Cloud's Cooper Avenue Redevelopment Tax Increment Financing District. It pushes back the five-year deadline for completing development activities (to April 30, 2031) and the four-year deadline for demolition/rehabilitation (to April 30, 2030). The extension directly affects the city's ability to use future tax growth to fund redevelopment projects in that specific district. The bill modifies existing state rules without creating new policy, solely adjusting timeframes for this one project.