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

This bill authorizes St. Paul's housing and redevelopment authority to establish up to three special tax increment financing (TIF) districts in the downtown area (defined as City Planning District 17). It allows the city to bypass standard TIF requirements if it finds at least 50% of buildings in the district need renovation or clearance due to specific conditions like vacancy, obsolescence, or safety hazards. The special rules include permitting noncontiguous parcels, using TIF funds to clear buildings for public parks, and exempting certain spending restrictions that normally apply to TIF projects. The authority to create these districts expires June 30, 2030, unless at least one district is certified by that date, with all districts needing certification by June 30, 2034.