SF 578

as introduced - 88th Legislature (2013 - 2014) Posted on 02/19/2013 09:01am

A bill for an act
relating to capital improvements; appropriating money for improvements to the
Levee Road and riverfront area 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; LEVEE ROAD AND WATERFRONT IMPROVEMENTS.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $1,583,400 is appropriated from the bond proceeds
fund to the city of Red Wing for improvements of a capital nature to the area between
Levee Road and the Mississippi River, extending between Bay Point Drive and Broad
Street in Red Wing. This project includes: reconstruction of Levee Road from Broad
Street to Jackson Street; improvements to storm water, sanitary sewer, and drinking water
infrastructure; replacement of a harbor retaining wall; parking improvements; lighting
improvements; and construction of a segment of the Riverwalk Trail. This grant is not
available until the commissioner of management and budget determines that an amount
sufficient to complete the project is committed to it from nonstate sources.
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 $1,583,400 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