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 state 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 up to $80 million to finance these projects, with the bonds secured by the revenues from the new tax. The issuance of these bonds will not be subject to certain state debt limitations, and a separate election for bond approval is not required. The tax will expire either 25 years after its implementation or when the city council determines that sufficient funds have been raised to cover the project costs, including bond issuance costs. Any remaining funds after the tax's termination will be allocated to the city's general fund. The bill will take effect following compliance with specific state statutory requirements by the city's governing body.