Owatonna authorization to impose a local sales and use tax

This bill authorizes the city of Owatonna to impose a 0.5% local sales and use tax, subject to voter approval, to fund a $75 million community center project and cover tax administration costs. The city may issue bonds for construction without being subject to standard debt limits or election requirements, with bond payments secured by the tax revenue and city credit. The tax expires after 25 years or when project costs are fully covered, and any remaining funds must be deposited into Owatonna's general fund.