Bill Text: MN SF423 | 2011-2012 | 87th Legislature | Introduced
Bill Title: Lanesboro sales and use tax imposition and bond issue authorization
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2011-02-24 - Referred to Taxes [SF423 Detail]
Download: Minnesota-2011-SF423-Introduced.html
1.2relating to the city of Lanesboro; authorizing a local sales and use tax; allowing
1.3the issuance of state bonds.
1.4BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.5 Section 1. CITY OF LANESBORO; SALES TAX AUTHORIZED.
1.6 Subdivision 1. Sales and use tax authorized. Notwithstanding Minnesota Statutes,
1.7section 477A.016, or any other provision of law, ordinance, or city charter, as approved by
1.8the voters at the November 2, 2010, general election, the city of Lanesboro may impose by
1.9ordinance a sales and use tax of up to one-half of one percent for the purposes specified in
1.10subdivision 2. Except as provided in this section, the provisions of Minnesota Statutes,
1.11section 297A.99, govern the imposition of the tax authorized under this subdivision.
1.12 Subd. 2. Use of revenues. Revenues received from the tax authorized under
1.13subdivision 1 must be used by the city of Lanesboro to pay the costs of collecting the tax
1.14and to pay for all or a part of the improvements to city streets and utility systems, and the
1.15betterment of city municipal buildings consisting of (i) street and utility improvements to
1.16Calhoun Avenue, Fillmore Avenue, Kenilworth Avenue, Pleasant Street, Kirkwood Street,
1.17Auburn Avenue, and Zenith Street, and street light replacement on State Highways 250
1.18and 16; (ii) improvements to utility systems consisting of wastewater treatment facility
1.19improvements and electric utility improvements to the Lanesboro High Hazard Dam; and
1.20(iii) improvements to the Lanesboro community center, library, and city hall, including
1.21paying debt service on bonds or other obligations issued to fund these projects under
1.22subdivision 3. The total amount of revenues from the taxes in subdivision 1 that may be
1.23used to fund these projects is $800,000 plus any associated bond costs.
2.1 Subd. 3. Bonding authority. The city of Lanesboro may issue bonds under
2.2Minnesota Statutes, chapter 475, to pay capital and administrative expenses related to the
2.3projects authorized in subdivision 2. An election to approve the bonds under Minnesota
2.4Statutes, section 475.58, is not required. The issuance of bonds under this subdivision
2.5is not subject to Minnesota Statutes, sections 275.60 and 275.61. The bonds are not
2.6included in computing any debt limitation applicable to the city and the levy of taxes
2.7under Minnesota Statutes, section 475.61, to pay principal and interest on the bonds is
2.8not subject to any levy limitation.
2.9The aggregate principal amount of the bonds plus the aggregate of the taxes used
2.10directly to pay costs of the projects listed in subdivision 2 may not exceed $800,000, plus
2.11an amount equal to the costs related to issuance of the bonds and capitalized interest.
2.12The taxes authorized in subdivision 1 may be pledged and used for payments of
2.13the bonds and bonds issued to refund them, only if the bonds and any refunding bonds
2.14are general obligations of the city.
2.15 Subd. 4. Termination of tax. The tax imposed under subdivision 1 expires when
2.16the Lanesboro City Council determines that sufficient funds have been raised from the
2.17taxes to finance the projects authorized under subdivision 2 and to prepay or retire at
2.18maturity the principal, interest, and premium due on any bonds issued under subdivision 3.
2.19Any funds remaining after completion of the project and retirement or redemption of the
2.20bonds may be placed in the general fund of the city. The tax imposed under subdivision 1
2.21may expire at an earlier time if the city so determines by ordinance.
2.22EFFECTIVE DATE.This section is effective the day after the governing body of
2.23the city of Lanesboro and its chief clerical officer comply with Minnesota Statutes, section
2.24645.021, subdivisions 2 and 3.
1.3the issuance of state bonds.
1.4BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.5 Section 1. CITY OF LANESBORO; SALES TAX AUTHORIZED.
1.6 Subdivision 1. Sales and use tax authorized. Notwithstanding Minnesota Statutes,
1.7section 477A.016, or any other provision of law, ordinance, or city charter, as approved by
1.8the voters at the November 2, 2010, general election, the city of Lanesboro may impose by
1.9ordinance a sales and use tax of up to one-half of one percent for the purposes specified in
1.10subdivision 2. Except as provided in this section, the provisions of Minnesota Statutes,
1.11section 297A.99, govern the imposition of the tax authorized under this subdivision.
1.12 Subd. 2. Use of revenues. Revenues received from the tax authorized under
1.13subdivision 1 must be used by the city of Lanesboro to pay the costs of collecting the tax
1.14and to pay for all or a part of the improvements to city streets and utility systems, and the
1.15betterment of city municipal buildings consisting of (i) street and utility improvements to
1.16Calhoun Avenue, Fillmore Avenue, Kenilworth Avenue, Pleasant Street, Kirkwood Street,
1.17Auburn Avenue, and Zenith Street, and street light replacement on State Highways 250
1.18and 16; (ii) improvements to utility systems consisting of wastewater treatment facility
1.19improvements and electric utility improvements to the Lanesboro High Hazard Dam; and
1.20(iii) improvements to the Lanesboro community center, library, and city hall, including
1.21paying debt service on bonds or other obligations issued to fund these projects under
1.22subdivision 3. The total amount of revenues from the taxes in subdivision 1 that may be
1.23used to fund these projects is $800,000 plus any associated bond costs.
2.1 Subd. 3. Bonding authority. The city of Lanesboro may issue bonds under
2.2Minnesota Statutes, chapter 475, to pay capital and administrative expenses related to the
2.3projects authorized in subdivision 2. An election to approve the bonds under Minnesota
2.4Statutes, section 475.58, is not required. The issuance of bonds under this subdivision
2.5is not subject to Minnesota Statutes, sections 275.60 and 275.61. The bonds are not
2.6included in computing any debt limitation applicable to the city and the levy of taxes
2.7under Minnesota Statutes, section 475.61, to pay principal and interest on the bonds is
2.8not subject to any levy limitation.
2.9The aggregate principal amount of the bonds plus the aggregate of the taxes used
2.10directly to pay costs of the projects listed in subdivision 2 may not exceed $800,000, plus
2.11an amount equal to the costs related to issuance of the bonds and capitalized interest.
2.12The taxes authorized in subdivision 1 may be pledged and used for payments of
2.13the bonds and bonds issued to refund them, only if the bonds and any refunding bonds
2.14are general obligations of the city.
2.15 Subd. 4. Termination of tax. The tax imposed under subdivision 1 expires when
2.16the Lanesboro City Council determines that sufficient funds have been raised from the
2.17taxes to finance the projects authorized under subdivision 2 and to prepay or retire at
2.18maturity the principal, interest, and premium due on any bonds issued under subdivision 3.
2.19Any funds remaining after completion of the project and retirement or redemption of the
2.20bonds may be placed in the general fund of the city. The tax imposed under subdivision 1
2.21may expire at an earlier time if the city so determines by ordinance.
2.22EFFECTIVE DATE.This section is effective the day after the governing body of
2.23the city of Lanesboro and its chief clerical officer comply with Minnesota Statutes, section
2.24645.021, subdivisions 2 and 3.
