1. Local Share Capital Construction Financing 0.5 % City Sales Tax Local Share Operating Financing Facility User Fees. 1.5 % City “Hospitality” Sales Tax (Hotel lodging, Prepared Food and Beverage). $20 excise tax on vehicles at dealerships. Only in addition to existing taxes (ex: clothing, groceries, etc. not taxable). Sources of Funding Local Sales Taxes Subject to City Voter Approval

2. MERIT Location 2

3. MERIT Capital Project Financing 3 Cost DescriptionCost in dollars ($) Total 7,000,000 Funding SourceFunding Amount ($) State of MN Bonding (2010)1,000,000 State of MN – DEED Grant/Bonding2,500,000 Local Share3,500,000 Total7,000,000

4. SMSU Partner Facilities Highway Pedestrian Underpass Proposed Performance Softball & Youth Baseball Proposed Sports Center Hwy 23 Hwy 19 Amateur Sports Facilities N 4 Marshall High School Partner Facilities Proposed Performance Soccer & Multi- Sport Fields

5. Funding SourceFunding Amount ($) State of MN – DEED Grant/Bonding4,000,000 Private Donations1,500,000 Local Share7,440,000 Total12,940,000 Cost DescriptionCost in dollars ($) Total 12,940,000 Amateur Sports Capital Project Financing

6. A.Meet State Legislative Requirements. B.Meet Future Bonding Requirements. C.Simple and Clear. Ballot Language Objectives 6

7. Sets ballot title and language only. Action is not an endorsement. Future Council action on projects will be required. Council Approval This Evening 7