HF 2057

as introduced - 88th Legislature (2013 - 2014) Posted on 02/25/2014 02:56pm

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

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

Section 1. new text begin CITY OF MEDFORD; CAPITAL IMPROVEMENT PROJECTS.
new text end

new text begin Subdivision 1. new text end

new text begin DEED grants. new text end

new text begin $9,900,000 is appropriated from the bond proceeds
fund to the commissioner of employment and economic development for grants to the
city of Medford for the following purposes:
new text end

new text begin (1) $3,500,000 is for the Medford Main Street reconstruction project, which includes
replacement of water mains, storm sewers, and street lights, and the related reconstruction
of sidewalks, trails, streets, and parking lanes. This project also includes installing sanitary
sewer lines in the public right-of-way to replace sanitary sewer lines currently located on
private properties with easements;
new text end

new text begin (2) $2,900,000 is for replacement of water mains, storm sewers, sanitary sewers,
and the related reconstruction of sidewalks and streets, all in the southeast quarter of the
city; and
new text end

new text begin (3) $3,500,000 is to predesign, design, construct, furnish, and equip a municipal
complex that includes a storm shelter or safe area for use during a public emergency,
public meeting and community room, fire department offices and facilities, city hall
offices, and public works department offices.
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 $9,900,000 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