1.1 	A bill for an act
1.2 	relating to capital investment; authorizing the conveyance of bond-financed property 
1.3 	to the city of Two Harbors.
1.4 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.5 	Section 1. CONVEYANCE AUTHORIZED.
 1.6 		Subdivision 1.Conveyance authorized. (a) Notwithstanding Minnesota Statutes, sections 
1.7 	16A.695, 16B.281 to 16B.287, 92.45, 94.09, and 94.10, any state law, administrative rule, 
1.8 	or commissioner's order to the contrary, and the appropriation of state general obligation 
1.9 	bond proceeds in Laws 2005, chapter 20, article 1, section 7, subdivision 24, to the 
1.10 	commissioner of natural resources, the parcels described in subdivision 2 may be conveyed 
1.11 	for no consideration to the city of Two Harbors for outdoor recreation facilities. 
1.12 	Notwithstanding any provision of this section to the contrary, the real property shall continue 
1.13 	to be considered state bond-financed property after the conveyance of the real property to 
1.14 	the city of Two Harbors and until all the requirements are satisfied for the real property to 
1.15 	no longer be considered state bond-financed property. The city of Two Harbors must operate 
1.16 	the state bond-financed property in compliance with Minnesota Statutes, section 16A.695, 
1.17 	all applicable state and federal laws, and in a manner that will not cause the interest on the 
1.18 	state general obligation bonds to be subject to federal income taxation for any reason.
1.19 	(b) The conveyance shall be in a form approved by the attorney general. The attorney 
1.20 	general may make changes to the legal description to correct errors and ensure accuracy.
1.21 	(c) The commissioner of natural resources has determined that the parcels are no longer 
1.22 	needed for any state purpose and that the state's interests would best be served if the parcels 
1.23 	were conveyed to the city of Two Harbors.
2.1 		Subd. 2.Parcels. The two parcels of property conveyed in subdivision 1 are as follows:
2.2 	(1) that part of Government Lot 1, Section 1, Township 52 North, Range 11 West of the 
2.3 	Fourth Principal Meridian, Lake County, Minnesota, lying southerly and easterly of the 
2.4 	following described lines: commencing at the center east 1/16 corner; thence along the 
2.5 	North-South 1/16 line on an assumed bearing of North 00 degrees 46 minutes 07 seconds 
2.6 	East 144.23 feet; thence North 67 degrees 30 minutes 43 seconds West 385.00 feet; thence 
2.7 	North 22 degrees 29 minutes 17 seconds East 24.00 feet; thence South 67 degrees 30 minutes 
2.8 	43 seconds East 385.00 feet; thence easterly a distance of 232.90 feet along a tangential 
2.9 	curve concave to the North having a radius of 611.85 feet and central angle of 21 degrees 
2.10 	48 minutes 36 seconds; thence South 89 degrees 19 minutes 19 seconds East 1,015.67 feet; 
2.11 	thence South 00 degrees 40 minutes 41 seconds West 35.00 feet; thence South 89 degrees 
2.12 	19 minutes 19 seconds East 73.08 feet to the east line of said Government Lot 1 and the 
2.13 	point of beginning of said line; thence North 89 degrees 19 minutes 19 seconds West 877.08 
2.14 	feet; thence North 00 degrees 40 minutes 41 seconds East 11.00 feet; thence North 89 
2.15 	degrees 19 minutes 19 seconds West 28.86 feet; thence South 00 degrees 51 minutes 25 
2.16 	seconds West 19.82 feet to a 3/4-inch by 24-inch rebar marked "MN DNR LS 16098" (DNR 
2.17 	monument); thence continuing South 00 degrees 51 minutes 25 seconds West 484.06 feet 
2.18 	to a DNR monument; thence continuing South 00 degrees 51 minutes 25 seconds West 78 
2.19 	feet, more or less to the shore of Lake Superior and there terminating; containing 14.5 acres, 
2.20 	more or less (parcel identification number 23-7600-01415); and
2.21 	(2) that part of Government Lot 3, Section 6, Township 52 North, Range 10 West of the 
2.22 	Fourth Principal Meridian, described as follows: commencing at the West Quarter corner 
2.23 	of said Section 6 (northwest corner of said Government Lot 3); thence North 88 degrees 43 
2.24 	minutes 09 seconds East along the north line of said Government Lot 3 a distance of 485.19 
2.25 	feet; thence South 00 degrees 20 minutes 34 seconds East a distance of 16 feet, more or 
2.26 	less, to the south line of the northerly 16 feet of said Government Lot 3, being the point of 
2.27 	beginning of the parcel described herein; thence continuing South 00 degrees 20 minutes 
2.28 	34 seconds East a distance of 584 feet, more or less, to a line lying within 600 feet and South 
2.29 	of the North boundary of said Government Lot 3; thence westerly, along said line, to the 
2.30 	west line of said Government Lot 3; thence northerly, along the west line of the said 
2.31 	Government Lot 3 to the south line of the northerly 16 feet of said Government Lot 3; thence 
2.32 	easterly along the south line of the northerly 16 feet of said Government Lot 3 to the point 
2.33 	of beginning; except minerals (parcel identification number 23-7600-06605).

2.34 	EFFECTIVE DATE. This section is effective the day following final enactment.