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City Council Resolution 2021-81CITY OF MONTICELLO COUNTY OF WRIGHT STATE OF MINNESOTA RESOLUTION NUMBER 2021-81 A Resolution 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 % percent on retail sales for the purpose of funding the capital cost of specific transportation projects or improvements; and WHEREAS, Wright County implemented a % percent sales tax county wide on June 13, 2017 and has collected nearly $9 Million in Fiscal Year 2020 which equates to an estimated $38 per Wright County resident; 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 Wright County 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 1. The City Council supports the extension of the Local Option Sales Tax 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 City Council of the City of Monticello, Minnesota this 25th day of October, 2021. BY: ATTEST: Lloyd Hilgart, ayor U e nifer Schreibe , Clerk