HF 4499

as introduced - 90th Legislature (2017 - 2018) Posted on 05/14/2018 09:47am

A bill for an act
relating to capital investment; appropriating money for Cedar Avenue public safety
improvements; authorizing the sale and issuance of state bonds.

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

Section 1. new text begin CEDAR AVENUE RECONSTRUCTION; CRIME PREVENTION.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $....... is appropriated from the bond proceeds account
in the state transportation fund to the commissioner of transportation for the local road
improvement program in Minnesota Statutes, section 174.52, subdivision 4, for a grant to
Hennepin County or the city of Minneapolis, or both in proportion to which entity owns
property involved in the project, to predesign, design, engineer, and reconstruct the portion
of Cedar Avenue South and pedestrian bridge near 25th Street in Minneapolis. The project
may include demolition of the existing pedestrian bridge and land acquisition. The purpose
of the project is to reconfigure the roadway and pedestrian areas to provide for better
accessibility and improve public safety. The design plans must be approved by the Little
Earth of United Tribes housing corporation board of directors before the county or city
proceeds with any land acquisition, demolition, or construction.
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 $....... 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