HF 3998

as introduced - 91st Legislature (2019 - 2020) Posted on 03/02/2020 02:03pm

A bill for an act
relating to capital investment; appropriating money for the first phase of project
implementation at North Commons Park; authorizing the sale and issuance of state
bonds.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

Section 1. new text begin MINNEAPOLIS PARK AND RECREATION BOARD; NORTH
COMMONS PARK.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $11,250,000 is appropriated from the bond proceeds
fund to the Metropolitan Council for a grant to the Minneapolis Park and Recreation Board
to begin the first phase of implementation of the North Commons Master Plan. This
appropriation is intended to begin work on a new community building with indoor sports,
gathering, and arts spaces; renovation and relocation of the water park; construction of
associated parking; and associated demolition of site elements and buildings.
new text end

new text begin Subd. 2. new text end

new text begin Bond sale. new text end

new text begin To provide the money appropriated in this section from the bond
proceeds fund, the commissioner of management and budget shall sell and issue bonds of
the state in an amount up to $11,250,000 in the manner, upon the terms, and with the effect
prescribed by Minnesota Statutes, sections 16A.631 to 16A.675, and by the Minnesota
Constitution, article XI, sections 4 to 7.
new text end

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective the day following final enactment.
new text end