CC_Minutes_2002_0325 - Laserfiche WebLink

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_ _ _ _ n~~al~, t~ut~ori~ed _ __ I_~IUts ?~~)f)?, C;l~apter ._ .............~ ~Irticlc= ___.~.~ ~` - -__._._ ate i puse~ __ _ _ _. _ sdE ~tiC~n a ~ _. l eisl a~~~y~ action P,~ u~b~3r~~d ' ~~ Si~.les tax of Clp to C?nC;-"11a1f C1f ~ peI'C;C'I7t. f~. ConlplerllC'Iltary Case tax is a~Ithori~edg as a°ell as a flat tax of CIp to S~~ per II~IOtor vcCllCle purchased ~vIt111T1 tl~e Clty from r1nyC7I1e engaged In the retail sale of Il~otor ~fchicles. R~IC~~red ~It~, __ _ _ __ ~ The Rosevtllc CIt~' C(JCII1cI~ must adopt ~~ reSOlIItIUI1 c~s1CII1g for ac~~on ~o ipuse ~~~ 'State f,egisiati~~e approval for a local sales tax referendum, and fax tl~e proposeCl tax Deeds to be apl~ro~°ed by Roseville city voters iI1 tl~e `~~)~1? general election. ~lo~ved uses of 1~~ __ __ _ __ rl~l~e tax will fund a chic al~d col~-Ilnunity center alzd I'ecreatlonal fax pt~uceeds ~ facilities for both youth and seniors; a police and fire department expansion or recolzstructiol~9 administrative offices and studios for thC'. DUI"t11 SCI~3UI`ball Gable T~j C~C9I~I"ImISSIOII, anCl to In1pI'OVe the John Rose ~linllesota C~~AL,. Capital expel~ditlzl-es for the project dI'C, not to c,xceed ~ II211110IA. 'ax adn~ln~sration TIIe tax ufill be collected by the Commissioner of Revenue with tl~e state tax as provided ul~der IVfinnesota Statutes ~ ~97A.,~~. fax expl-ation Tl~e tax ~vi1l expire after sufficient revenues are raked to pay for 'the capital facilities described. above and up to ~ million in 5 ,_ _ authori~ecl botlds, which is estimated to be _ years.. __ I~isc~lla.neous `The enabling legislation rewires that the Ros~,ville City Council approve the proposed tax in its resolution seel~il~g legislative authorization for a referendum, and that the referendul~I~ on t11e related bolads explain that altho~~,~11 the sales tax revelues aI'e ',pledged to pay tl~e bonds, tl~e bonds are still gel~cral obligation bonds guaranteed by Raseville's property taxes. __ ......................