This bill authorizes the city of Minnetonka 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 various projects, including the construction of two new fire stations, the completion of missing trail segments, renovations to a health and wellness center, and the development of a community park. The total estimated cost for these projects is $116.1 million, and the city may issue bonds to finance them, with the tax revenues being used to secure and pay for the bonds.

Additionally, the bill outlines the administration and enforcement of the tax, stating that it will be governed by existing Minnesota statutes, with specific provisions for the issuance of bonds and the termination of the tax. The tax will expire either 30 years after its implementation or when the city council determines that sufficient funds have been raised to cover the project costs. The bill also specifies that any remaining funds after the tax's termination will be allocated to the city's general fund. The effective date of the bill is contingent upon compliance with certain statutory requirements by the city’s governing body.