MN SF761

Brooklyn Center may impose a 0.5% local sales and use tax if approved by voters at a general election.

Tax revenues must be used to pay collection and administration costs and to finance up to $44,000,000 in bonds for renovation and expansion of the Brooklyn Center Community Center.

City may issue bonds under Minnesota Statutes chapter 475, with aggregate principal not exceeding $44,000,000 plus issuance costs, exempt from debt limitations and levy limitations.

Tax expires at the earlier of 20 years after first imposed or when sufficient funds are collected to pay authorized project costs and bond-related expenses, though city council may terminate earlier by ordinance.

Effective date is the day after Brooklyn Center's governing body complies with Minnesota Statutes section 645.021, subdivisions 2 and 3.