This bill amends existing legislation to authorize special rules for the city of Wayzata regarding expenditures from Tax Increment Financing (TIF) District No. 6. Specifically, it allows the city to use funds generated from this TIF district for the design and construction of a lakefront pedestrian walkway and community transient lake public access infrastructure as part of the Panoway on Wayzata Bay project. Additionally, the bill permits expenditures on several other projects, including the design and construction of Eco Park, restoration of the Section Foreman House, and expansion and remodeling of Depot Park, all of which are deemed to be activities within the TIF district.

The bill includes specific legal language that clarifies these expenditures and establishes that they are permissible despite existing statutes. It also stipulates that the new provisions will take effect once the governing body of Wayzata and its chief clerical officer fulfill certain requirements outlined in Minnesota Statutes. This legislative change aims to enhance community infrastructure and public access in Wayzata through targeted financial investments.