MN SF4511

City of Oakdale may impose a one-half of one percent sales and use tax if approved by voters, subject to Minnesota Statutes section 297A.99.

Tax revenues must fund a new public works facility ($24,000,000) and police department facility ($18,000,000), plus associated bonding costs.

City may issue bonds up to $24,000,000 for the public works project and $18,000,000 for the police facility, exempt from debt limitations and levy restrictions.

Tax expires at the earlier of 40 years after imposition or when the city receives $42,000,000 in tax revenue to fund the authorized projects and bond-related costs.

Remaining funds after allowed costs are paid shall be placed in the city's general fund.