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RES 2021-84 Supporting the Extension Wright Co Local Option Sales Tax (LOST)CITY OF OTSEGO COUNTY OF WRIGHT STATE OF MINNESOTA RESOLUTION NO: 2021-84 SUPPORTING THE EXTENSION OF THE WRIGHT COUNTY LOCAL OPTION SALES TAX (LOST) WHEREAS, Minnesota Statute 297A.993 gives authority to county boards to impose sales tax up to one-half A one percent on retail sales for the purpose of funding the capital cost of specific transportation projects or improvements; and WHEREAS, the Wright County Board of Commissioners implemented aone-half of one percent sales tax county wide on June 13, 2017; and WHEREAS, the funds captured from LOST have contributed to the successful completion of eight highway reconstruction projects in the last four years, within Wright County; and WHEREAS, the authorization for the current LOST is set to expire on December 31, 2022 if not reauthorized by the Wright County Board of Commissioners and the State of Minnesota; and WHEREAS, without reauthorization of the LOST an estimated $10 Million annual gap in transportation funding needs will emerge and 30 identified county highway projects will lose their funding source; and WHEREAS, Wright County continues to be one of the top population growth counties in the state with heavy and diverse transportation needs including local, commuter, business and agricultural needs with increasing demand and need for quality transportation infrastructure. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF OTSEGO, MINNESOTA: 1. The City Council supports the extension of the LOST as a proven, reliable and fair revenue source for transportation infrastructure projects. 2. The City Council further encourages the Wright County Board of Commissioners and Wright County Staff to make necessary approvals to continue the LOST. ADOPTED by the Otsego City Council this 25th day of October, 2021. MOTION BY: Moores SECONDED BY: Dahl INFAVOR' Stockamp, Dahl, Darkenwald, OPPOSED: none .; dotill Ore 2 Goede and Moores CITY OF OTSEGO k Jessica L. Stockamp, May r ATTEST: Audra Etze , City Clerk