SF 1614

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

A bill for an act
relating to Baxter; authorizing the city to impose a
sales and use tax and issue general obligation bonds.

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

Section 1. new text begin CITY OF BAXTER; TAXES AUTHORIZED.
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 voters on November 2, 2004, and pursuant to
Minnesota Statutes, section 297A.99, the city of Baxter may
impose by ordinance a sales and use tax of one-half of one
percent for the purposes specified in subdivision 3. 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 Excise tax authorized. new text end

new text begin Notwithstanding
Minnesota Statutes, section 477A.016, or any other contrary
provision of law, ordinance, or city charter, the city of Baxter
may impose by ordinance, for the purposes specified in
subdivision 3, an excise tax of up to $20 per motor vehicle, as
defined by ordinance, purchased or acquired from any person
engaged within the city in the business of selling motor
vehicles at retail.
new text end

new text begin Subd. 3. new text end

new text begin Use of revenues. new text end

new text begin Revenues received from the
taxes authorized by subdivisions 1 and 2 must be used to pay the
cost of collecting and administering the tax and to finance the
acquisition and betterment of water and waste water facilities,
a fire substation, and the Paul Bunyan Bridge over Excelsior
Road, as approved by the voters at the referendum authorizing
the tax. Authorized costs include, but are not limited to,
acquiring property and paying construction, legal, and
engineering costs related to the projects.
new text end

new text begin Subd. 4. new text end

new text begin Bonds. new text end

new text begin The city of Baxter, pursuant to the
approval of the voters at the referendum authorizing the
imposition of the taxes in this section, may issue general
obligation bonds of the city, in one or more series, in the
aggregate principal amount not to exceed $15,000,000 to finance
the projects listed in subdivision 3. The debt represented by
the bonds is not 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 of and
interest on the bonds is not subject to any levy limitation or
included in computing or applying any levy limitation applicable
to the city.
new text end

new text begin Subd. 5. new text end

new text begin Termination of taxes. new text end

new text begin The taxes imposed under
subdivisions 1 and 2 expire at the earlier of 12 years after the
imposition of the tax or when the city council first determines
that the amount of revenues raised from the taxes to pay for the
projects equals or exceeds $15,000,000 plus any interest on
bonds issued for the projects under subdivision 4. Any funds
remaining after expiration of the taxes and retirement of the
bonds shall be placed in a capital project fund of the city.
The taxes imposed under subdivisions 1 and 2 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 Baxter with
Minnesota Statutes, section 645.021, subdivision 3.
new text end