Bill > SF5065

This bill modifies how local sales tax revenues can be used by the city of Edina, Minnesota. Specifically, it increases the authorized spending for improvements to Fred Richards Park and Braemar Park, and it adds new categories of projects that can be funded by these revenues. These new projects include the design and construction of new public safety facilities, tenant improvements to the Edina Art Center, a capital improvement plan for the Edina Aquatic Center, and the design of the Braemar Golf Course Clubhouse. Importantly, the use of tax revenues for these new projects, as well as for the Edina Art Center, Aquatic Center, and Golf Course Clubhouse, will require voter approval in the November 3, 2026, general election. The bill also adjusts the maximum amount of bonds the city can issue to finance these projects, with the new limits reflecting the increased spending and added projects. The term "bonding costs" refers to expenses associated with issuing bonds, such as fees and interest. The bill specifies that these changes are effective after the city of Edina's governing body and chief clerical officer comply with state law regarding the timing of legislative actions.