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NOW, THEREFORE, BE IT RESOLVED that the Ciry Council of the Ciry of Elk River, that <br />this Council requests that the Minnesota Legislature pass a comprehensive and balanced <br />transportation funding package that permanently increases dedicated funding for transportation; and <br />BE IT FURTHER RESOLVED that this Council requests that Governor Tim Pawlenty allow a <br />comprehensive and balanced transportation funding package that permanently increases dedicated <br />funding for transportation that is passed by the Legislature to become law; and <br />BE IT FURTHER RESOLVED that this Council requests that a comprehensive and balanced <br />transportation funding package be based upon multiple revenue sources, which may include but not <br />be limited to general obligation and trunk highway bonds; and <br />BE IT FURTHER RESOLVED that this Council supports funding options including, but not <br />limited to, the following: <br />• An increase in the gas tax; <br />• Indexing of the gas tax, provided there is a limit on how much the tax can be increased for <br />inflation in a given amount of time; <br />• Increases in vehicle registration taxes (a.k.a. license tab fees); <br />• Trunk highway bonding, provided the Legislature implements reasonable restrictions on the <br />amount of debt service the state will incur and provided the Legislature appropriates funding <br />to assist with local costs related to projects funded with trunk highway bonds; <br />• General obligation bonding for local roads and bridges, particularly for roads of regional <br />significance and to assist with local cost participation requirements pertaining to trunk <br />highway projects; <br />• Sales tax exemptions for state and local transportation construction projects; and <br />• New local funding tools, such as local option sales tax authority or authority to establish <br />street improvement districts; and <br />BE IT FURTHER RESOLVED that this Council defines a comprehensive and balanced <br />transportation funding package as an initiative that permanently increases dedicated funding for state <br />and local road and transit systems in Greater Minnesota and the Metropolitan Area. <br />Passed and adopted by the City Council of the City of Elk River this 19~' day of February, 2008. <br />Stephanie A. Klinzing, Mayor <br />ATTEST: <br />Tina Allard, Ciry Clerk <br />