HF 4716

as introduced - 92nd Legislature (2021 - 2022) Posted on 03/31/2022 03:43pm

A bill for an act
relating to capital investment; appropriating money for roadway improvements in
the city of Waldorf; authorizing the sale and issuance of state bonds.

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

Section 1. new text begin ROAD AND INFRASTRUCTURE PROJECTS; WALDORF.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $2,800,000 is appropriated from the bond proceeds fund
to the commissioner of employment and economic development for a grant to the city of
Waldorf for capital improvements in the city of Waldorf, including acquiring property for
the School Street West development; adding new roads, clean water systems, sanitary sewer
systems, and storm water connections to the School Street West development; roadway
reconstruction of 1st Street and 2nd Street with new curbs; roadway reconstruction of Middle
Avenue with curbs and gutters; paving of Raymond Avenue; replacement of Railway Street;
replacing the South End Bar and Grill road; constructing a new street for a service road;
and capital improvements to the city park, including paving the park's parking lot. This
money may be used for one or more of the following phases: acquire property, predesign,
design, construct, reconstruct, furnish, and equip the improvement.
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 $2,800,000 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