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81 for Roseville for the next 20 years or until the project is paid off, it behooves the City to <br />82 move forward with the project in the most time- and cost-efficient way possible in order to <br />83 have the sales tax removed as early as possible. <br />84 <br />85 Budget Implications <br />86 Based on a study by the University of Minnesota Extension completed in 2021, a 0.5% <br />87 sales tax was projected to generate $5.6 million annually if it was in place in 2021. <br />88 <br />89 Staff Recommendations <br />90 Motion to adopt the ordinance to implement the local sales tax for Roseville. <br />91-and- <br />92 Motion to adopt ordinance summary implementing the local sales tax for Roseville. <br />93 <br />94 Requested Council Action <br />95 Motion to adopt the ordinance to implement the local sales tax for Roseville. <br />96-and- <br />97 Motion to adopt ordinance summary implementing the local sales tax for Roseville. <br />98 <br />99 <br />Patrick Trudgeon, City Manager <br />Prepared by: <br />1. Draft Ordinance Implementing Roseville Local Sales Tax <br />Attachments: <br />2. Ordinance Summary <br />100 <br />Page 3 of 3 <br />Qbhf!27!pg!596 <br /> <br />