HF 2822

as introduced - 90th Legislature (2017 - 2018) Posted on 02/20/2018 10:18am

A bill for an act
relating to capital investment; appropriating money for infrastructure and
redevelopment in the city of Red Wing; authorizing the sale and issuance of state
bonds.

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

Section 1. new text begin OLD WEST MAIN STREET - UPPER HARBOR RENEWAL AND
REDEVELOPMENT.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $8,000,000 is appropriated from the bond proceeds fund
to the commissioner of employment and economic development for a grant to the city of
Red Wing to design, engineer, and construct improvements and betterments of a capital
nature to publicly owned roadway and infrastructure necessary for the reconstruction and
redevelopment of Old West Main Street and the Upper Harbor area. This appropriation
includes money for the reconstruction of four city blocks of Old West Main Street including
the removal and replacement of underground utilities, street lighting, sidewalk, and other
infrastructure improvements; the construction of a public parking lot; design and construction
of a pedestrian-bicycle bridge over the Canadian Pacific Railway main line to connect the
Old West Main Street area to the riverfront; and the realignment of Levee Road at the
existing roundabout to allow event parking and grain semitruck fleeting to be more efficiently
organized closer to the railroad tracks with the roadway curving towards the existing barge
terminal bulkheads.
new text end

new text begin This appropriation is not available until the commissioner of management and budget
determines that an amount sufficient to complete the project has been committed to the
project from other sources.
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 $8,000,000 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