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CITY OF ELK RIVER <br /> SHERBURNE COUNTY <br /> STATE OF MINNESOTA <br /> RESOLUTION 18- <br /> A RESOLUTION APPROVING A BALLOT FOR AN ELECTION RELATING TO THE <br /> IMPOSITION OF A SALES AND USE TAX FOR PURPOSES OF CERTAIN PARK <br /> IMPROVEMENTS AND RECREATIONAL FACILITY IMPROVEMENTS <br /> WHEREAS, Minnesota Statutes, Section 297A.99 (the "Local Tax Act"), provides the <br /> City of Elk River (the "City") with authority to impose a local sales tax if that tax is approved by <br /> the voters at a general election and the State Legislature approves the local sales tax through the <br /> creation of a special law. <br /> WHEREAS, the City Council of the City (the "Council") has adopted a resolution <br /> indicating its approval of the tax and outlining the details of the proposed local sales tax and <br /> authorizing submitting the question of imposing the proposed local sales tax to the qualified <br /> electors of the City. <br /> WHEREAS, the City Clerk is required to submit notice of the election and the language <br /> of the ballot question to the County Auditor of Sherburne County and the Minnesota Secretary of <br /> State and follow other procedures in advance of such election. <br /> NOW THEREFORE, BE IT RESOLVED by the City Council of the City of Elk River as <br /> follows: <br /> 1. To facilitate strategic investment in the region and community, the City authorizes <br /> submitting to electors the question of whether to impose a local sales and use tax of one-half of <br /> one percent (0.5%) on items that are taxable by the State of Minnesota and a motor vehicle <br /> excise tax of up to $20 per motor vehicle (the "Taxes") in order to raise revenue to fund the <br /> acquisition and betterment of certain recreational facility improvements, park improvements, <br /> trail improvements, and dredging of Lake Orono. <br /> The Taxes are proposed to be collected for approximately 25 years or until up to <br /> approximately $35,000,000 plus an amount equal to interest and the costs of the issuance of any <br /> bonds is raised. <br /> 2. The question set forth in Exhibit B shall be submitted to the qualified electors of <br /> the City at a special election which is hereby called and directed to be held in conjunction with <br /> the state general election on Tuesday, November 6, 2018. <br /> 3. The City Clerk is directed to cause a sample ballot in substantially the form <br /> attached as Exhibit B and a notice of election in substantially the form attached as Exhibit A to <br /> be posted,published, printed and delivered as required by law. <br /> 532558v2 JSB BL185-44 <br />