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 specific 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 bill outlines that the revenues from this tax will also cover the costs associated with collecting and administering the tax, as well as servicing any bonds issued for these projects.

Additionally, the bill grants the city the authority to issue bonds to finance the approved projects, with a maximum aggregate principal amount of $116,100,000. The bonds will not be subject to certain debt limitations and do not require a separate election for approval. The tax will expire either 30 years after its implementation or when the city determines that sufficient funds have been raised to cover the project costs, with any remaining funds directed 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.