MN SF3406

Modifies Rochester's local option sales tax authorization to expand eligible projects to include area public safety facility construction and improvements, in addition to existing transportation, recreation, water/sewer, and higher education projects.

Allows city to extend the sales tax beyond December 31, 2009, if approved by voters at a general or special election before December 31, 2012, for up to an additional $111,500,000 in sales tax revenues and bonds.

Authorizes city to issue up to $111,500,000 in general obligation bonds (with sales tax revenues pledged as payment) for the expanded project list, subject to voter approval.

Permits city to enter into an agreement with Olmsted County to share sales tax revenues for jointly financed roadway infrastructure improvements, with county able to issue general obligation bonds payable from city tax revenues.

Maintains total capital expenditure cap of $111,500,000 across all authorized projects and requires bonds to be general obligations guaranteed by city property taxes.