MN SF4026

City of Fergus Falls may impose a 0.5% local sales and use tax if approved by voters at a general election held no later than November 8, 2022.

Tax revenues must be used to pay collection and administration costs and fund three projects: $7,800,000 for an aquatics center, $2,500,000 for a regional trails project, and $5,200,000 for the DeLagoon Improvement Project.

City may issue bonds under Minnesota Statutes chapter 475 to finance all or part of the three projects, with bonds not subject to debt limitations or separate voter approval.

Tax expires on the earlier of December 1, 2038, or when the city council determines sufficient funds have been collected to pay project costs and bond issuance costs, with any remaining funds deposited in the city's general fund.

The bill becomes effective the day after Fergus Falls' governing body and chief clerical officer comply with Minnesota Statutes section 645.021, subdivisions 2 and 3.