2. GFMEDC sales tax resolution - Laserfiche WebLink

RESOLUTION #2008-4 REGARDING SALES TAX FOR ECONOMIC DEVELOPMENT WHEREAS, The Greater Fargo Moorhead Economic Development Corporation ("EDC") has proposed that the Cass County Board of Commissioners permit a vote by the Cass County Electorate on whether a temporary ~ cent sales tax should be imposed to fund and enable the Economic Development Growth Plan, which may be amended from time to time and is attached as Exhibit A, (the "Growth Plan"); and WHEREAS, the Cass County Board of Commissioners has supported and continues to support economic development efforts by the EDC for the purpose of promoting a growing and vibrant economy in Cass County; and WHEREAS, the rapidly changing nature of the global economy presents challenges and opportunities to which the community must respond with new economic development strategies in order to position itself for job growth in the future; and WHEREAS, the Growth Plan is consistent with the purpose and intent of promoting a growing and vibrant economy in Cass County through expenditures towards needed infrastructure and activities which will help retain, attract, and create quality employment opportunities for the citizens of Cass County; and WHEREAS, Cass County has a home rule charter under which it has the ability to adopt a resolution which is defined as an "enactment by the board of county commissioners or the people which defines policy or procedures governing the actions of persons or bodies for a limited period of time"; and WHEREAS, the Cass County Board of Commissioners, under its charter, may on its own motion submit any question to the electorate for a vote of the people and the electorate must approve that action by a majority vote ofthe electors voting. NOW, THEREFORE, BE IT RESOLVED, That the Cass County Board of Commissioners hereby elects to proceed with a vote of the electorate at the next regularly scheduled election on whether a retail sales tax should be imposed and subject to limitations as follows: 1. Sales taxed shall be limited to those, which are taxed by the State of North Dakota pursuant to Chapters 57-39.2 ofthe North Dakota Century Code. 2. The amount of the tax shall not exceed one half of one percent of the gross receipts and purchases which are taxed by the State of North Dakota pursuant to Chapters 57-39.2 of the North Dakota Century Code, nor shall the tax exceed twelve dollars and fifty cents on any single purchase; provided, that a higher rate of tax may be imposed and collected on sales of less than one dollar and on sales of fractional dollar amounts and the bracket system for the application of the state sales tax set forth in Section 57-39.2-08.2 of the North Dakota Century Code shall be adjusted to incorporate the additional county tax. The retail sales tax imposed shall be computed and collected in the same manner provided by law for the collection of the state sales tax. 1