Chaska; special tax increment financing authority provided.

HF 3450 authorizes the city of Chaska to extend tax increment financing (TIF) collection for Chaska Tax Increment Financing District No. 23 up to 35 years after the first increment is received. This bill directly affects Chaska, Carver County, and Independent School District No. 112, requiring their governing bodies to comply with specific statutory requirements for implementation. The key provision modifies the standard TIF timeline under Minnesota law, allowing the Chaska Economic Development Authority to collect tax increments over a longer period. The bill takes effect upon compliance with Minnesota Statutes, section 469.1782, subdivision 2.