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2022-141 Council Resolution
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2022-141 Council Resolution
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Last modified
12/2/2022 7:23:11 PM
Creation date
12/2/2022 9:51:09 AM
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City Council
Council Document Type
Resolutions
Meeting Date
11/28/2022
Council Meeting Type
Regular
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I NflNNESOTA STATUTES 2021 383E.21 <br /> 383E.21 COUNTYWIDE PUBLIC SAFETY LVIPROVEMENTS AND EQUIPMENT; BONDING <br /> AND TAX LEVIES. <br /> Subdivision 1. Authority to levy property taxes and incur debt.(a)To finance the cost of designing, <br /> constructing, and acquiring countywide public safety improvements and equipment, including personal <br /> property,benefiting both Anoka County and the municipalities located within Anoka County,the governing <br /> body of Anoka County may levy property taxes for public safety improvements and equipment, and issue: <br /> (1) capital improvement bonds under the provisions of section 373.40 as if the infrastructure and <br /> equipment qualified as a "capital improvement" within the meaning of section 373.40, subdivision 1, <br /> paragraph(b); and <br /> (2)capital notes under the provisions of section 373.01, subdivision 3, as if the equipment qualified as <br /> "capital equipment" within the meaning of section 373.01, subdivision 3. Personal property acquired with <br /> the proceeds of the bonds or capital notes issued under this section must have an expected useful life at least <br /> as long as the term of debt. <br /> (b)The outstanding principal amount of the bonds and the capital notes issued under this section may <br /> not exceed$8,000,000 at any time. Any bonds or notes issued pursuant to this section must only be issued <br /> after approval by a majority vote of the Anoka County Joint Law Enforcement Council,a joint powers board. <br />
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