MN HF3107

Increases the authorized local sales and use tax project financing amount for Grand Rapids from $5,980,000 to $10,600,000 for reconstruction, remodeling, and upgrades to the Grand Rapids IRA Civic Center.

Extends the tax expiration period from seven years to 12 years after the tax is first imposed, or until the city receives the full $10,600,000 project funding amount, whichever comes first.

Increases the maximum bonding authority from $5,980,000 to $10,600,000, plus costs of bond issuance, to finance the civic center project.

Maintains the 0.5 percent sales and use tax rate and requires voter approval at a general election before implementation.

Specifies that authorized project costs include design, construction, mechanical upgrades, engineering costs, and associated bond costs.