HF 4008

as introduced - 91st Legislature (2019 - 2020) Posted on 03/02/2020 02:04pm

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

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

Section 1. new text begin RED WING; OLD WEST MAIN STREET.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $1,000,000 is appropriated from the bond proceeds fund
to the commissioner of employment and economic development for a grant to the city of
Red Wing to design, engineer, and construct improvements and betterments of a capital
nature to publicly owned roadway and infrastructure necessary for the reconstruction and
redevelopment of Old West Main Street. This appropriation includes money for the
reconstruction of four city blocks of Old West Main Street and one city block of Jackson
Street, including the removal and replacement of underground utilities, sidewalk, and other
utility and infrastructure improvements, including the work necessary for preparation of a
railroad quiet zone at the Jackson Street railroad crossing. This appropriation is not available
until the commissioner of management and budget determines that at least an equal amount
has been committed from nonstate sources to complete the project.
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 $1,000,000 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