HF 3606 Summary

• Authorizes the city of Bloomington to impose a one-half of one percent local sales and use tax, subject to voter approval at a general election.

• Tax revenues must fund four specific projects: $32 million for Bloomington Ice Garden improvements, $70 million for a new Community Health and Wellness Center, $33 million for Bloomington Center for the Arts Concert Hall expansion, and $15 million for Dwan Golf Course improvements, plus associated infrastructure and bond issuance costs.

• Allows Bloomington to issue up to $150 million in bonds (plus bond issuance costs) to finance the projects, with bonds exempt from debt limitations and not requiring a separate election.

• Tax expires at the earlier of 20 years after imposition or when sufficient revenues are collected to pay project costs and bond obligations, or at an earlier time if the city council determines by ordinance.

• Becomes effective the day after Bloomington's governing body and chief clerical officer comply with Minnesota Statutes section 645.021.