Columbia Heights; special tax increment financing rules authorized.

HF 3447 extends time limits for Columbia Heights' Alatus Tax Increment Financing (TIF) district. It changes the standard 5-year period to 10 years for project development and extends the period for using tax increment funds after the initial term to 11 years. The bill also allows the city or its economic development authority to request a 5-year extension of the TIF district's total duration. These changes specifically apply to Columbia Heights' Alatus TIF district and do not affect other cities or districts.