HF 4260

as introduced - 93rd Legislature (2023 - 2024) Posted on 02/26/2024 02:21pm

A bill for an act
relating to capital investment; appropriating money for a river balcony in the city
of St. Paul; 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. PAUL; RIVER BALCONY.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $24,902,000 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 design, construct, furnish, and equip an approximately 1.5 mile promenade
along the Mississippi River bluff in downtown St. Paul, including improvements to Kellogg
Mall Park and Lambert's Landing and Lower Landing Park, and providing a pedestrian
connection between the top of the bluff and the parks at river level. The project includes
spaces along the promenade for programming, recreation, public art, events, food concessions,
and seating. Improvements to Kellogg Mall Park include an interactive water feature, nature
play elements, a beer garden, and trails. Improvements at Lambert's Landing and Lower
Landing Park include reconfiguration to increase access and visibility, a new welcome
center and cafe, a river overlook, and seating.
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 $24,902,000 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