HF 1677

as introduced - 87th Legislature (2011 - 2012) Posted on 05/06/2011 08:40am

A bill for an act
relating to capital investment; appropriating money for the city of St. Paul
regional ballpark; authorizing the city to use design-build or construction
manager at-risk method of project delivery; authorizing the sale and issuance of
state bonds.

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

Section 1. new text begin CITY OF ST. PAUL REGIONAL BALLPARK.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin (a) $27,000,000 is appropriated from the bond
proceeds fund to the commissioner of employment and economic development for a grant
to the city of St. Paul to prepare a site for and to predesign, design, construct, furnish,
and equip a regional ballpark and related public infrastructure in the city of St. Paul. This
appropriation is not available until the commissioner has determined that at least an equal
amount has been committed to the project from nonstate sources.
new text end

new text begin (b) The regional ballpark and related public infrastructure shall not be considered
state bond financed property. This grant must be evidenced by a grant agreement that
specifies how the general obligation grant will be used; the governmental program that
will be operated; and that the program will be operated in compliance with this subdivision
and all applicable state and federal laws and in a manner that will not cause the interest on
the state general obligation bonds to be or become subject to federal income taxation for
any reason. The grant agreement may contain other terms consistent with this subdivision
and deemed appropriate by the commissioner of employment and economic development
and the commissioner of management and budget.
new text end

new text begin (c) The city may employ or contract with persons, firms, or corporations to perform
one or more or all of the functions of architect, engineer, or construction manager with
respect to all or any part of the regional ballpark and related public infrastructure. The
city may deliver the project through either a design-build or construction manager at-risk
method. Alternatively, at the request of a minor league baseball team, and with the consent
of the city, the city may authorize the team to provide for the design and construction for
the ballpark and related public infrastructure, subject to the terms of this subdivision. To
the extent practicable and at the discretion of the city, the city may have such rights and
exercise such powers, with respect to the acquisition, construction, use, and operation of
the regional ballpark, as are granted to the Minnesota Ballpark Authority under Minnesota
Statutes, section 473.756. No consent or approval of another political subdivision is
required for the effectiveness or the exercise by the city of such rights or powers.
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 $27,000,000 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