SF 422

as introduced - 93rd Legislature (2023 - 2024) Posted on 06/12/2023 02:20pm

A bill for an act
relating to capital investment; authorizing the conveyance of bond-financed property
to the city of Two Harbors.

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

Section 1. new text begin CONVEYANCE AUTHORIZED.
new text end

new text begin Subdivision 1. new text end

new text begin Conveyance authorized. new text end

new text begin (a) Notwithstanding Minnesota Statutes, sections
16A.695, 16B.281 to 16B.287, 92.45, 94.09, and 94.10, any state law, administrative rule,
or commissioner's order to the contrary, and the appropriation of state general obligation
bond proceeds in Laws 2005, chapter 20, article 1, section 7, subdivision 24, to the
commissioner of natural resources, the parcels described in subdivision 2 may be conveyed
for no consideration to the city of Two Harbors for outdoor recreation facilities.
Notwithstanding any provision of this section to the contrary, the real property shall continue
to be considered state bond-financed property after the conveyance of the real property to
the city of Two Harbors and until all the requirements are satisfied for the real property to
no longer be considered state bond-financed property. The city of Two Harbors must operate
the state bond-financed property in compliance with Minnesota Statutes, section 16A.695,
all applicable state and federal laws, and in a manner that will not cause the interest on the
state general obligation bonds to be subject to federal income taxation for any reason.
new text end

new text begin (b) The conveyance shall be in a form approved by the attorney general. The attorney
general may make changes to the legal description to correct errors and ensure accuracy.
new text end

new text begin (c) The commissioner of natural resources has determined that the parcels are no longer
needed for any state purpose and that the state's interests would best be served if the parcels
were conveyed to the city of Two Harbors.
new text end

new text begin Subd. 2. new text end

new text begin Parcels. new text end

new text begin The two parcels of property conveyed in subdivision 1 are as follows:
new text end

new text begin (1) that part of Government Lot 1, Section 1, Township 52 North, Range 11 West of the
Fourth Principal Meridian, Lake County, Minnesota, lying southerly and easterly of the
following described lines: commencing at the center east 1/16 corner; thence along the
North-South 1/16 line on an assumed bearing of North 00 degrees 46 minutes 07 seconds
East 144.23 feet; thence North 67 degrees 30 minutes 43 seconds West 385.00 feet; thence
North 22 degrees 29 minutes 17 seconds East 24.00 feet; thence South 67 degrees 30 minutes
43 seconds East 385.00 feet; thence easterly a distance of 232.90 feet along a tangential
curve concave to the North having a radius of 611.85 feet and central angle of 21 degrees
48 minutes 36 seconds; thence South 89 degrees 19 minutes 19 seconds East 1,015.67 feet;
thence South 00 degrees 40 minutes 41 seconds West 35.00 feet; thence South 89 degrees
19 minutes 19 seconds East 73.08 feet to the east line of said Government Lot 1 and the
point of beginning of said line; thence North 89 degrees 19 minutes 19 seconds West 877.08
feet; thence North 00 degrees 40 minutes 41 seconds East 11.00 feet; thence North 89
degrees 19 minutes 19 seconds West 28.86 feet; thence South 00 degrees 51 minutes 25
seconds West 19.82 feet to a 3/4-inch by 24-inch rebar marked "MN DNR LS 16098" (DNR
monument); thence continuing South 00 degrees 51 minutes 25 seconds West 484.06 feet
to a DNR monument; thence continuing South 00 degrees 51 minutes 25 seconds West 78
feet, more or less to the shore of Lake Superior and there terminating; containing 14.5 acres,
more or less (parcel identification number 23-7600-01415); and
new text end

new text begin (2) that part of Government Lot 3, Section 6, Township 52 North, Range 10 West of the
Fourth Principal Meridian, described as follows: commencing at the West Quarter corner
of said Section 6 (northwest corner of said Government Lot 3); thence North 88 degrees 43
minutes 09 seconds East along the north line of said Government Lot 3 a distance of 485.19
feet; thence South 00 degrees 20 minutes 34 seconds East a distance of 16 feet, more or
less, to the south line of the northerly 16 feet of said Government Lot 3, being the point of
beginning of the parcel described herein; thence continuing South 00 degrees 20 minutes
34 seconds East a distance of 584 feet, more or less, to a line lying within 600 feet and South
of the North boundary of said Government Lot 3; thence westerly, along said line, to the
west line of said Government Lot 3; thence northerly, along the west line of the said
Government Lot 3 to the south line of the northerly 16 feet of said Government Lot 3; thence
easterly along the south line of the northerly 16 feet of said Government Lot 3 to the point
of beginning; except minerals (parcel identification number 23-7600-06605).
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