Agenda Packets - 2023/08/14 - Laserfiche WebLink

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Item No: 08D Meeting Date: Aug 14, 2023 MOLNDtSIEWType of Business CB City Administrator Review City of Mounds View Staff Report To: Honorable Mayor and City Council From: Nyle Zikmund, City Administrator Item Title/Subject: Resolution 9790, Approving Minnesota Laws 2023, Chapter 64, Article 10, Section 41, Allowing the City of Mounds View to Impose a Local Sales Tax Resolution 9791 Imposition of a local sales tax and authorizing a special election thereon during the November 7, 2023 Uniform Election Date Introduction: Resolutions 9790 and subsequent Resolution 9791 are separate but related resolutions specific to the Community Center Expansion. Resolution 9790 "approves/adopts" Minnesota Laws 2023 which provided the City of Mounds View with specific legislative authority to allow voters the ability to approve a local option sales tax. Resolution 9791 puts in place the process to put the question before the voters at the November 7, 2023 election. Discussion: Council has been working on the Community Center expansion for two years. This past legislative session, Council worked with local state elected officials to seek bonding money and sales tax authority. The bonding request was heard in the Senate and is the Minnesota Management Budget Capital Bonding process for next year. Bonding money will pay no more than half of the project with the other half coming from the local entity. The local option sales tax, as estimated by Ehlers, would provide the Cities required portion and if approved, strengthen our bonding proposal. The tax can only be used for debt payment and cannot be imposed prior to a project being approved and funding allocated. The tax sunsets at the payment of bonds or 20 years, whatever occurs first. Council reviewed the resolutions at their August 7, 2023 workshop making minor revisions to 9791 which have been incorporated. The deadline to adopt the resolution for inclusion on this November's ballot is August 25, 2023. The August 7, 2023 workshop packet contained detailed correspondence from Kennedy and Graven on the law, process, and steps necessary to move ahead. Council directed staff to bring forward at the August 14, 2023 council meeting. Strategic Plan Strategy/Goal: Thriving and desirable community to live, work and raise a family. Financial Impact: $11,000 estimated The rviuunus view vimun A Thriving Desirable Community