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07-25 Resolution No. 12111CITY OF RICHFIELD, MINNESOTA RESOLUTION NO. ________ APPROVING LAWS OF MINNESOTA 2023, CHAPTER 64, ARTICLE 10, SECTION 44 RELATING TO A LOCAL SALES TAX WHEREAS, the Legislature of the State of Minnesota passed a special law granting the City of Richfield, Minnesota (the “City”) the authority to impose, by ordinance, a sales and use tax of one-half of one percent to pay the costs of collecting and administering the tax and paying for certain projects in the city, including securing and paying debt service on bonds issued to finance all or part of the following regional projects: (1) $11,000,000 plus associated bonding costs for construction of the Wood Lake Nature Center building; (2) $9,000,000 plus associated bonding costs for construction of the Veterans Park Complex; and (3) $45,000,000 plus associated bonding costs for construction of the Richfield Community Center Project; all as provided in Laws of Minnesota 2023, Chapter 64, Article 10, Section 44 (the “Special Law”); and WHEREAS, pursuant to the Special Law, the authority of the City to impose the tax under the Special Law expires at the earlier of (1) 20 years after being first imposed, or (2) when the City Council determines that the amount received from the tax is sufficient to pay for the project costs authorized under the Special Law for projects approved by voters, plus an amount sufficient to pay the costs related to issuance of any bonds authorized under the Special Law, including interest on the bonds; and WHEREAS, pursuant to the Special Law, the authority of the City to impose the tax under the Special Law may also expire at an earlier time if the City so determines by ordinance; and WHEREAS, pursuant to the Special Law, and Minnesota Statutes, Section 645.021, subdivisions 2 and 3, the Special Law is effective upon approval by a majority vote of the governing body of the City and the filing of a certificate, including a copy of this resolution, in the form prescribed by the Minnesota Attorney General with the Minnesota Secretary of State; and WHEREAS, the City Council of the City has determined that it is in the best interest of the City and its residents to approve the Special Law. 12111 Res. 12111 2 RC160\1\889480.v1 NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF RICHFIELD, MINNESOTA AS FOLLOWS: 1.The Special Law is approved. 2.The City Clerk, as the chief clerical officer of the City, is hereby authorized and directed to file the certificate and a copy of this resolution, as approved, with the Minnesota Secretary of State as required by Minnesota Statutes, Section 645.021, subdivision 3. 3.City staff are authorized and directed to take any additional action necessary to implement the Special Law. 3 RC160\1\889480.v1 The foregoing resolution was moved by Councilmember ______________ and seconded by Councilmember _______________. The following voted in the affirmative: _________________________________________ The following voted against: ________________________________________________ Councilmember ________________________________ was absent. Adopted by the City Council of the City of Richfield, Minnesota, this 25th day of July 2023. Mary Supple, Mayor ATTEST: Dustin Leslie, City Clerk Whalen Hayford Oleary Trautmann, Hayford Oleary, Christensen, Whalen, Supple None N/A