This bill authorizes the city of Coon Rapids, Minnesota, to impose a local sales and use tax of up to one-half of one percent, contingent upon voter approval. The tax is intended to fund specific projects, including $40 million for the renovation and expansion of the police department and city center facility, and another $40 million for the construction of a new community center and the expansion of the Coon Rapids Ice Center. The bill outlines that the tax will be governed by existing statutes regarding imposition, administration, collection, and enforcement, and it will be in addition to any other local sales and use taxes.

Additionally, the bill grants the city the authority to issue bonds to finance these projects, with a maximum aggregate principal amount of $80 million. The bonds will not be subject to certain debt limitations and do not require a separate election for approval. The tax will expire either 25 years after its imposition or when the city council determines that sufficient funds have been collected to cover the project costs and bond issuance expenses. Any remaining funds after the tax's termination will be allocated to the city's general fund. The effective date of this legislation is contingent upon compliance with specific statutory requirements by the city's governing body.