City of Chaska special tax increment financing authority provision

This bill allows the City of Chaska to extend its tax increment financing (TIF) collection period for TIF District No. 23 from the standard term to up to 35 years. It directly affects Chaska's Economic Development Authority, which will collect additional tax revenue generated from property value increases within the designated district over this extended period. The key provision modifies Minnesota Statutes to override a standard 30-year limit for TIF collections in this specific district. The bill becomes effective only after Chaska, Carver County, and School District No. 112 comply with required statutory procedures.