HF 1351

as introduced - 92nd Legislature (2021 - 2022) Posted on 03/23/2022 12:26pm

A bill for an act
relating to capital investment; appropriating money to the St. Paul Port Authority
for improvements at the former Hillcrest Golf Course site; 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; HILLCREST REDEVELOPMENT.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $2,000,000 is appropriated from the bond proceeds fund
to the commissioner of employment and economic development for a grant to the St. Paul
Port Authority for predesign, design, and engineering of the redevelopment of the former
Hillcrest Golf Course site. This appropriation includes money for energy and land use
planning and analysis; civil, environmental, geotechnical engineering, and net zero energy
analysis; and surveying, platting, and the creation of private development lots, public
rights-of-way, parkland, wetlands, storm water infrastructure, and associated improvements
to further economic development, housing, parkland, and energy goals. This appropriation
is available when the commissioner of management and budget determines that an amount
sufficient to complete the project has been committed, as required by Minnesota Statutes,
section 16A.502.
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 $2,000,000 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