Edina; local sales tax and revenues modified.

A bill for an act

relating to taxation; sales and use; modifying the uses for Edina local sales tax

revenues; amending Laws 2021, First Special Session chapter 14, article 8, section

5, subdivisions 2, as amended, 3, as amended.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

Section 1.

Laws 2021, First Special Session chapter 14, article 8, section 5, subdivision

2, as amended by Laws 2023, chapter 64, article 10, section 17, subdivision 2, is amended

to read:

Subd. 2.

Use of sales and use tax revenues
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; requirements
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.

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(a)
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The revenues derived

from the tax authorized under subdivision 1 must be used by the city of Edina to pay the

costs of collecting and administering the tax and paying for the following projects in the

city, including securing and paying debt service on bonds issued to finance all or part of

the following projects:

(1)
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$17,700,000
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$18,700,000
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plus associated bonding costs for development of Fred

Richards Park as identified in the Fred Richards Park Master Plan;
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and
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(2)
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$53,300,000
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$56,300,000
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plus associated bonding costs for improvements to Braemar

Park as identified in the Braemar Park Master Plan
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.
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;
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(3) notwithstanding Minnesota Statutes, section 297A.99, subdivision 2, paragraph (a),

clauses (1) to (4), $35,000,000 plus associated bonding costs for design and construction

of new public safety facilities;

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(4) notwithstanding Minnesota Statutes, section 297A.99, subdivision 2, paragraph (a),

clauses (1) to (4), $6,000,000 plus associated bonding costs for tenant improvements to the

Edina Art Center;

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(5) notwithstanding Minnesota Statutes, section 297A.99, subdivision 2, paragraph (a),

clauses (1) to (4), $8,000,000 plus associated bonding costs for a capital improvement plan

for the Edina Aquatic Center; and

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(6) notwithstanding Minnesota Statutes, section 297A.99, subdivision 2, paragraph (a),

clauses (1) to (4), $4,000,000 plus associated bonding costs for design of the Braemar Golf

Course Clubhouse.

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(b) Notwithstanding Minnesota Statutes, section 297A.99, subdivision 3, paragraph (a),

use of tax revenues for the projects listed in paragraph (a), clauses (3) to (6), is subject to

voter approval at the November 3, 2026, general election.

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EFFECTIVE DATE.

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This section is effective the day after the governing body of the

city of Edina and its chief clerical officer comply with Minnesota Statutes, section 645.021,

subdivisions 2 and 3.

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Sec. 2.

Laws 2021, First Special Session chapter 14, article 8, section 5, subdivision 3, as

amended by Laws 2023, chapter 64, article 10, section 17, subdivision 3, is amended to

read:

Subd. 3.

Bonding authority.

(a) The city of Edina may issue bonds under Minnesota

Statutes, chapter 475, to finance all or a portion of the costs of the projects authorized in

subdivision 2 and approved by the voters as required under Minnesota Statutes, section

297A.99, subdivision 3
, paragraph (a). The aggregate principal amount of bonds issued

under this subdivision may not exceed: (1)
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$17,700,000
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$18,700,000
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for the project listed

in subdivision 2,
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paragraph (a),
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clause (1), plus an amount to be applied to the payment of

the costs of issuing the bonds;
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and
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(2)
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$53,300,000
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$56,300,000
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for the project listed in

subdivision 2,
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paragraph (a),
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clause (2), plus an amount to be applied to the payment of the

costs of issuing the bonds
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; (3) $25,000,000 for the project listed in subdivision 2, paragraph

(a), clause (3), plus an amount to be applied to the payment of the costs of issuing the bonds;

(4) $6,000,000 for the project listed in subdivision 2, paragraph (a), clause (4), plus an

amount to be applied to the payment of the costs of issuing the bonds; (5) $8,000,000 for

the project listed in subdivision 2, paragraph (a), clause (5), plus an amount to be applied

to the payment of the costs of issuing the bonds; and (6) $4,000,000 for the project listed

in subdivision 2, paragraph (a), clause (6), plus an amount to be applied to the payment of

the costs of issuing the bonds
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. The bonds may be paid from or secured by any funds available

to the city of Edina, including the tax authorized under subdivision 1. The issuance of bonds

under this subdivision is not subject to Minnesota Statutes, sections
275.60
and
275.61
.

(b) The bonds are not included in computing any debt limitation applicable to the city

of Edina, and any levy of taxes under Minnesota Statutes, section
475.61
, to pay principal

and interest on the bonds is not subject to any levy limitation. A separate election to approve

the bonds under Minnesota Statutes, section
475.58
, is not required.

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EFFECTIVE DATE.

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This section is effective the day after the governing body of the

city of Edina and its chief clerical officer comply with Minnesota Statutes, section 645.021,

subdivisions 2 and 3.

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