This bill authorizes the city of Northfield, 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 $2.8 million for the Northfield Public Library, $2.8 million for the Northfield Community Resource Center, and $7.5 million for interconnected city Riverfront Parks. The bill stipulates that the tax will be governed by existing state statutes regarding imposition, administration, collection, and enforcement, while also allowing the city to issue bonds to finance these projects, with a maximum aggregate principal amount of $13.1 million.

Additionally, the bill outlines that the tax will expire either 20 years after its initial imposition or when the city council determines that the tax revenues are sufficient to cover the project costs and associated bond issuance costs. It also specifies that the bonds issued for financing these projects will not be subject to certain debt limitations and do not require a separate election for approval. The effective date of this legislation will be the day after the city of Northfield's governing body and chief clerical officer comply with the relevant state statutes.