MN SF3143

Authorizes the city of Mounds View to impose a local sales and use tax of up to 1.5 percent, subject to voter approval at a general election.

Revenue from the tax must be used to pay collection and administration costs, bond-related expenses, and to finance up to $16,500,000 for construction of an expanded community center as a regional amateur sports and recreational facility.

Permits the city to issue bonds up to $16,500,000 in principal amount (plus issuance costs) under Minnesota Statutes chapter 475, with bonds exempt from debt limitation and levy limitation requirements and not requiring a separate voter election.

Tax expires at the earlier of 20 years after imposition or when the city receives $16,500,000 plus bond-related costs, with any remaining funds placed in the county's general fund.

Effective upon compliance by the city of Mounds View's governing body and chief clerical officer with Minnesota Statutes section 645.021, subdivisions 2 and 3.