§ 419.20. Definitions and general guidelines.

(a) In this chapter, unless a different meaning clearly appears from the context:

Agency means the Minneapolis Community Development Agency, its successors or assigns.

Chapter 366 means Laws 2008, Chapter 366, Article 5, Section 37, which is the special law authorizing the city to create a special tax increment financing district to fund target center debt and neighborhood revitalization purposes.

Chapter 604 means Laws 1990, Chapter 604, Article VII, Section 29, as amended by Laws 1991, Chapter 291, Article X, Section 20, which is the special law requiring the city and the agency to reserve ten million dollars ($10,000,000.00) in 1990 and twenty million dollars ($20,000,000.00) from 1991 to 2009, for a total of three hundred ninety million dollars ($390,000,000.00), to be expended for neighborhood revitalization anywhere within the city.

City means the City of Minneapolis.

City council means the City Council of the City of Minneapolis.

City neighborhood revitalization program funds mean:

(1)

The program money;

(2)

The funds required to be expended for neighborhood revitalization under Chapter 604; and

(3)

Other tax increment and non tax increment revenues from the common project necessary to fulfill a twenty million dollar ($20,000,000.00) annual commitment to the neighborhood revitalization program. The twenty million dollar ($20,000,000.00) annual commitment shall not include, and shall be in addition to, the amounts required to be transferred to the school district for school aid reduction and to the county for property tax relief pursuant to subdivision 4 of the neighborhood revitalization program law.

Common project means the projects and districts included in that certain common development and redevelopment plan and common tax increment financing plan adopted by the agency on December 30, 1989, as amended from time to time. Pursuant to authority in Laws 2003, Chapter 127, Article 12, Sections 31-34, the agency transferred the common project to the city effective January 1, 2004.

Community participation program or CPP means the program described in section 419.56 and guidelines adopted by the city council on December 10, 2010, as amended from time to time.

Community participation program funds means, for 2012 and 2013, ten million dollars ($10,000,000.00) in non-tax increment Phase II funds and thereafter, tax increment generated by the consolidated district.

Consolidated district means the tax increment financing district authorized by Chapter 366 and established by the city council pursuant to Resolution 2009R-595 adopted on December 18, 2009, as amended from time to time.

County means Hennepin County, Minnesota.

Discretionary development funding plan means that certain resolution adopted by the city council on August 22, 2003, providing funding for discretionary development activities from 2004 through 2009.

Joint powers agreement means that certain twenty-year agreement among the city, school district, library board, park board, and county establishing a hybrid joint powers entity to serve as the policy board for the neighborhood revitalization program.

Library board means the Library Board of the City of Minneapolis, which was dissolved and consolidated into the county library system pursuant to Laws 2007, Chapter 121.

Mayor means the Mayor of the City of Minneapolis.

Neighborhood action plan means the plan developed with the participation of neighborhood residents under Subdivision 6 of the neighborhood revitalization program law. A neighborhood priority plan under the community participation program is a neighborhood action plan.

Neighborhood and community relations department means the city department responsible for community engagement and neighborhood programs.

Neighborhood revitalization program or NRP means the program established by the city under the neighborhood revitalization program law, Chapter 604 and this chapter, and extended under Chapter 366 and this chapter, as amended from time to time.

Neighborhood revitalization program law means Minnesota Statutes, Section 469.1831, as amended, which authorizes the city to create the neighborhood revitalization program.

Park board means the Park and Recreation Board of the City of Minneapolis.

Phase I means the first phase of the neighborhood revitalization program (1990-2000), funded by the Phase I funds.

Phase I funds means the city neighborhood revitalization program funds reserved from 1990 through 2000.

Phase II means the second phase of the neighborhood revitalization program (2001-2009), funded by the Phase II funds.

Phase II funds means twenty million dollars ($20,000,000.00) in 2001, eleven million dollars ($11,000,000.00) in 2002 and, for 2003 through 2009, the funds required to be reserved for neighborhood revitalization under chapter 604, subject to the priorities stated in section 419.35. Phase II funds includes the amount allocated to the community participation program under section 419.40(c).

Policy board means the board established to review, modify where appropriate, and approve neighborhood action plans, pursuant to subdivision 6 of the neighborhood revitalization program law.

Program income means income (net of contractually defined costs and obligations) received by the city, the NRP neighborhood, or an NRP contractor or subcontractor directly generated from the use of NRP contract funds. Sources of program income include, but are not limited to:

(1)

NRP funded loan and grant repayments and collections (exclusive of contractually defined administrative costs), including principal, interest, late fees and penalty payments.

(2)

Proceeds from the sale or lease of real property purchased with NRP funds that require the repayment or recapture of all or a portion of the NRP funds.

(3)

Proceeds from the sale or rental of equipment or other personal property purchased with NRP funds and held by a neighborhood group for its offices or administrative purposes.

(4)

Proceeds from the sale of loans and other repayment obligations made with NRP contract funds.

(5)

Interest earnings on NRP contract funds, including program income, held in NRP contractor or subcontractor accounts.

Program money means the tax increment revenues required to be expended for neighborhood revitalization pursuant to Minnesota Statutes, Section 469.1781(b).

School district means Special School District No. 1.

Sources of security and repayment shall have the meaning set forth in the discretionary development funding plan.

Strategies means the specific actions identified in each neighborhood action plan as necessary to achieve the action plan objectives.

Tax Increment Act means Minnesota Statutes, Sections 469.174-469.1799, as amended, which establishes the powers relating to use of tax increment.

(b)

The neighborhood revitalization program shall be administered pursuant to the neighborhood revitalization program law, Chapter 604, Chapter 366 and this chapter, as amended from time to time. (90-Or-157, § 1, 6-15-90; 2001-Or-018, § 2, 3-2-01; 2003-Or-111, § 1, 8-22-03; 2006-Or-019, § 1, 2-24-06; 2011-Or-121, § 2, 12-16-11)