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Attachment 1 124 B.The local sales and use tax imposed by this Ordinance shall terminate at the earlier of: (1) 125 16.25 yearsafter it is first imposed; or (2) when the City Council determines that 126 $64,200,000, plus an amount sufficient to pay the costs related to issuing bonds and interest 127 on the bonds has been received from the local sales and use tax imposed by this Ordinance 128 to pay for all the capital and administrative costs directly related to completing the 129 designated projects. Any funds remaining after payment of all such costs and retirement or 130 redemption of the bonds shall be placed in the general fund of the city. The local sales and 131 use tax imposed by this Ordinance may terminate at an earlier time if the City Council so 132 determines by ordinance. In any event, the local sales and use tax imposed by this 133 Ordinance may terminate earlier if so directed by the Commissioner. 134 135 317.07AGREEMENT WITH THE COMMISSIONER. 136 The city may enter into an agreement with the commissioner regarding each party’s respective 137 roles and responsibilities related to the imposition, administration, collection, enforcement, and 138 termination of the local sales and use tax imposed by this Ordinance. Any such agreement shall 139 not abrogate, alter, or otherwise conflict with the state sales and use tax laws and rules, this 140 ordinance, or 2023, Chapter 64, Article 12, Section 45. 141 317.08 EFFECTIVE DATE. 142 This Ordinance shall be in full force and effect from and after its passage and publication, and 143 shall apply to transactions occurring on or after July 1, 2025. 144 Passed by the City Council of the City of Roseville, Minnesota, this ____ day of ________, 145 2025. 146 147 148 149 150 151 152 153 154 155 156 157 Signatures as follows on separate page: 158 Ordinance – Title of Ordinance ________________- 159 160 4 RS160\\21\\1001437.v6 Qbhf!313!pg!354