MN HF4830

City of Rockville authorized to impose a local sales and use tax of 0.5% if approved by voters at a general election

Tax revenues dedicated to street improvements on Lake Road from County Road 6 to 1,000 feet south of Lena Lane, plus collection and administration costs

City may issue bonds up to $390,000 for the street improvement project, with bonds excluded from city debt limits and not requiring a separate bond election

Tax expires at the earlier of 15 years after first imposed or when sufficient revenue is collected to cover project costs and bond-related expenses

Remaining funds after tax termination transfer to the city's general fund