SF 693

as introduced - 84th Legislature (2005 - 2006) Posted on 12/15/2009 12:00am

A bill for an act
relating to the city of Park Rapids; authorizing the
city to impose a sales and use tax.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

Section 1. new text begin CITY OF PARK RAPIDS.
new text end

new text begin Subdivision 1. new text end

new text begin Sales and use tax authorized.
new text end

new text begin Notwithstanding Minnesota Statutes, section 477A.016, or any
other provision of law, ordinance, or city charter, pursuant to
the approval of the city voters at the next general election or
at a special election held for this purpose, the city of Park
Rapids may impose by ordinance a sales and use tax of one
percent for the purposes specified in subdivision 2. The
provisions of Minnesota Statutes, section 297A.99, govern the
imposition, administration, collection, and enforcement of the
tax authorized under this subdivision.
new text end

new text begin Subd. 2. new text end

new text begin Use of revenues. new text end

new text begin Revenues received from the tax
authorized by subdivision 1 must be used for the cost of
collecting and administering the tax and to pay all or part of
the capital or administrative costs of the development,
acquisition, construction, and improvement of the following
projects:
new text end

new text begin (1) two-thirds of the cost of construction and operation of
a community center that may include a senior citizen center,
fitness center, swimming pool, meeting rooms, indoor track, and
racquetball, basketball, and tennis courts, provided that an
amount equal to one-third of the cost of construction is
received from private sources;
new text end

new text begin (2) capital improvement projects including, but not limited
to, installation of water, sewer, storm sewer, street
improvements, new city water tower and well, costs related to
improvements to marked trunk highway 34; and
new text end

new text begin (3) park improvements.
new text end

new text begin Authorized expenses include, but are not limited to,
acquiring property, paying construction expenses related to the
development of these facilities and improvements, and securing
and paying debt service on bonds or other obligations issued to
finance acquisition, construction, improvement, or development.
new text end

new text begin Subd. 3. new text end

new text begin Bonds. new text end

new text begin Pursuant to the approval of the city
voters to impose the tax authorized in subdivision 1, the city
of Park Rapids may issue without an additional election general
obligation bonds of the city to pay capital and administrative
expenses for the acquisition, construction, improvement, and
development of the projects specified in subdivision 2. The
debt represented by the bonds must not be included in computing
any debt limitations applicable to the city, and the levy of
taxes required by Minnesota Statutes, section 475.61, to pay the
principal or any interest on the bonds must not be subject to
any levy limitations or be included in computing or applying any
levy limitation applicable to the city.
new text end

new text begin Subd. 4. new text end

new text begin Termination of tax. new text end

new text begin The tax imposed under
subdivision 1 expires July 1, 2025. Any funds remaining after
completion of the projects specified in subdivision 2 and
retirement or redemption of the bonds may be placed in the
general fund of the city. The tax imposed under subdivision 1
may expire at an earlier time if the city so determines by
ordinance.
new text end

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective the day after
compliance by the governing body of the city of Park Rapids with
Minnesota Statutes, section 645.021, subdivision 3.
new text end