MN SF1996

Authorizes the city of Cottage Grove to impose a 0.5% local sales and use tax, subject to voter approval at a general election.

Tax revenues must be used for construction improvements to three projects: Hamlet Park ($17,000,000), River Oaks Golf Course ($6,000,000), and Mississippi Dunes Park ($13,000,000), plus tax administration costs and debt service on bonds.

Permits the city to issue bonds under Minnesota Statutes chapter 475 to finance all or part of the three projects, with bonds exempt from state debt limitations and levy restrictions.

Tax expires at the earlier of 25 years after imposition or when sufficient revenue is collected to pay project costs and bond-related expenses, with remaining funds going to the city's general fund.

Takes effect the day after the city of Cottage Grove's governing body and chief clerical officer comply with Minnesota Statutes section 645.021.