MN SF1922

Authorizes the city of Monticello to impose a 0.5 percent sales and use tax, subject to voter approval at a general election.

Tax revenues must fund $15 million for new construction and rehabilitation of the Bertram Chain of Lakes Regional Athletic Park and $15 million for new construction and improvements to the Pointes at Cedar Recreation Area, plus collection costs and debt service on related bonds.

Allows the city to issue up to $15 million in bonds for each project without exceeding debt limitations or requiring a separate bond election.

Tax expires at the earlier of 20 years after imposition or when sufficient revenues are collected to pay project costs and bond obligations, with remaining funds deposited in the city's general fund.

Becomes effective upon compliance with Minnesota Statutes section 645.021 by the city's governing body and chief clerical officer.