HF 3379

as introduced - 93rd Legislature (2023 - 2024) Posted on 02/12/2024 12:01pm

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

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

Section 1. new text begin PLYMOUTH; CITY CENTER REVITALIZATION PROJECT.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $32,000,000 is appropriated from the bond proceeds
fund to the commissioner of employment and economic development for a grant to the city
of Plymouth to design, construct, renovate, equip, and furnish public infrastructure in the
area bounded by Vicksburg Lane and Trunk Highway 55 in the city of Plymouth, known
as the Plymouth City Center. This appropriation includes money for stormwater ponding,
a public parking ramp, reconstruction of Plymouth Boulevard, and an expansion of the
Plymouth Ice Center and associated roadway realignment.
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 $32,000,000 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