2005 Minnesota Statutes - 414.036 — City reimbursement to town to annex taxable property.

     414.036 City reimbursement to town to annex 
  taxable property. 


    When an order under section 414.0325 annexes part of a town 
 to a municipality, the orderly annexation agreement between the 
 town and municipality may provide a reimbursement from the 
 municipality to the town for all or part of the taxable property 
 annexed as part of the order.  The reimbursement shall be 
 completed in substantially equal payments over not less than two 
 nor more than six years from the time of annexation. 


    HIST: 1981 c 189 s 1; 2002 c 223 s 15