HF 4491

as introduced - 91st Legislature (2019 - 2020) Posted on 03/16/2020 10:01am

A bill for an act
relating to capital investment; appropriating money for the Upper Harbor Outdoor
Music Performance Venue; authorizing the sale and issuance of state bonds.

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

Section 1. new text begin MINNEAPOLIS; UPPER HARBOR OUTDOOR MUSIC
PERFORMANCE VENUE.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin (a) $20,000,000 is appropriated from the bond proceeds
fund to the commissioner of employment and economic development for a grant to the city
of Minneapolis to predesign, design, construct, furnish, and equip a new outdoor music
performance venue on the Upper Harbor site along the Mississippi River in North
Minneapolis. The venue will accommodate approximately 7,000 to 9,000 people in a
combination of temporary seating or standing room. A portion of the venue will be designed
to allow it to be enclosed for smaller events on a year round basis.
new text end

new text begin (b) 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 (c) The city may operate the outdoor music venue directly or enter into a lease or
management agreement with a for-profit or a nonprofit operator, subject to Minnesota
Statutes, section 16A.695. The lease or management agreement must provide for a program
of free use of the venue that will benefit the adjacent North Minneapolis community and
be curated and controlled by a North Minneapolis community-based partner.
new text end

new text begin (d) The city of Minneapolis' contract with the developer of the project and the lease or
management agreement must provide benefits to the adjacent communities, including but
not limited to hiring and retaining residents of the adjacent communities in living wage
jobs, improvements to the environmental conditions in North Minneapolis, use of clean and
efficient energy sources, and preservation of places with historic significance to the adjacent
communities.
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 $20,000,000 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