MN SF3935

City of Warren may impose a 0.5% local sales and use tax if approved by voters, in addition to any existing local sales taxes.

Tax revenues must be used to pay collection and administrative costs, and to finance up to $1,600,000 for construction of a new child care facility including parking, design, and construction costs.

City may issue bonds under Minnesota Statutes chapter 475 up to $1,600,000 in principal, plus amounts for capitalized interest and issuance costs, with bonds not subject to debt limitations or levy restrictions.

Tax expires at the earlier of 20 years after imposition or when the city council determines sufficient funds have been collected to pay project costs and bond issuance costs, or at an earlier time if the city chooses by ordinance.

Effective date is the day after Warren's governing body and chief clerical officer comply with Minnesota Statutes section 645.021, subdivisions 2 and 3.