St. Paul; special tax increment financing rules authorized.

HF 2585 authorizes St. Paul's housing and redevelopment authority to establish up to three tax increment financing districts in the downtown area (City Planning District 17). It allows these districts to include noncontiguous parcels and waives standard requirements if 50% of buildings in the district need renovation due to issues like vacancy, obsolescence, or safety hazards. The bill permits tax revenue from these districts to clear buildings for public parks and exempts certain financial restrictions for projects within the designated downtown area. The special rules expire June 30, 2030, for new requests and June 30, 2034, for existing districts.