HF 3561

as introduced - 93rd Legislature (2023 - 2024) Posted on 02/12/2024 11:59am

A bill for an act
relating to capital investment; appropriating money for street improvements in the
city of St. Louis 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 ST. LOUIS PARK; STREET IMPROVEMENTS.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $6,913,000 is appropriated from the bond proceeds
account in the state transportation fund as provided in Minnesota Statutes, section 174.50,
to the commissioner of transportation, for a grant to the city of St. Louis Park to acquire
property or interests in property, and to predesign, design, construct, and equip improvements
to the following: Meadowbrook Road from Excelsior Boulevard to Oxford Street; Oxford
Street from Meadowbrook Road to Edgewood Avenue; Edgewood Avenue from Oxford
Street to Cambridge Street; Cambridge Street from Edgewood Avenue to Alabama Avenue;
and the intersection of Louisiana Avenue and Oxford Street. This appropriation includes
money for area bikeway and sidewalk; bridge repair and modifications; replacement or
repair of water, sewer, and storm sewer infrastructure; regional water quality and flood
storage infrastructure; and for other improvements or upgrades related to street reconstruction
including streetlights, signals, and replacement or repair of pavement, curb, and gutter.
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 $6,913,000 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