MN HF3760

Brooklyn Center may impose a 0.5% local sales and use tax upon voter approval at a general election.

Tax revenues must fund collection/administration costs and two projects: $55 million for Brooklyn Center Community Center renovation and expansion, and $80 million for a regional year-round outdoor adventure park facility, plus associated bonding costs.

City may issue up to $135 million in bonds under Minnesota Statutes chapter 475 to finance the projects, with bonds not subject to debt limitations or levy limitations.

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

Effective the day after Brooklyn Center's governing body complies with Minnesota Statutes section 645.021, subdivisions 2 and 3.