H.F. 1709 Summary

• City of St. Cloud may impose a 0.5% local sales and use tax if approved by voters at a general election.

• Tax revenues must fund five specific capital projects: $21.6 million for East St. Germain Street/Lincoln Avenue/4th Street SE improvements; $12.5 million for Heatherwood Road; $23 million for St. Cloud State University gateway; $24 million for central business district gateway; and $21.1 million for Municipal Athletic Complex expansion.

• City may issue bonds up to $102.2 million total to finance these projects, with bonds exempt from state debt limitations and levy limits.

• Tax expires at the earlier of 20 years or when sufficient revenue is collected to pay project costs and bond-related expenses, with remaining funds deposited to the city's general fund.

• Effective upon compliance with Minnesota Statutes section 645.021 by St. Cloud's governing body and chief clerical officer.