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EGty1� ,.,�� Request for Action <br /> River <br /> To Item Number <br /> Mayor and City Council 4.5 <br /> Agenda Section Meeting Date Prepared by <br /> Consent August 5, 2019 Cal Portner, City Administrator <br /> Item Description Reviewed by <br /> Ordinance Amendment for Local Option Sales Tax <br /> Reviewed by <br /> Action Requested <br /> Enact,by motion, an ordinance amendment for a Local Option Sales Tax. <br /> Background/Discussion <br /> Following legislative approval of the Local Option Sales Tax (LOST), an ordinance was required to <br /> enable collection by the Minnesota Department of Revenue (DOR). <br /> In order to begin collections during the fourth quarter of this year, an enabling ordinance and resolution <br /> needed to be submitted to DOR by July 1, 2019, so they could review and post proper notices as <br /> prescribed by law. <br /> Following DOR review of the multitude of 2019 LOST approvals and the rather recent U.S. Supreme <br /> Court Wayfair Decision,DOR and the League of Minnesota Cities collaborated to draft a template <br /> ordinance for cities to use which would ensure the full tax could be collected. <br /> The Council adopted an ordinance on June 19, 2019,which will be superseded by this amendment. We <br /> have been notified by DOR that all of our enabling submissions are complete and our collection will <br /> begin on October 1, 2019,with the approval of this amendment. <br /> Financial Impact <br /> N/A <br /> Attachments <br /> ■ Ordinance Amendment <br /> The Elk River Vision <br /> A PehoMing community 2a itb revolutionary and spirited resourcefulness, exceptional POWERED By <br /> service, and community engagement that encourages and inspires prosperity INAMIRE1 <br />