SF 1395

as introduced - 87th Legislature (2011 - 2012) Posted on 02/23/2012 09:52am

A bill for an act
relating to capital investment; appropriating money for a regional ballpark in St.
Paul; authorizing the sale and issuance of state bonds.

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

Section 1. new text begin ST. PAUL REGIONAL BALLPARK.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin (a) $27,000,000 is appropriated from the bond
proceeds fund to the commissioner of employment and economic development for a grant
to the city of St. Paul to prepare a site for and to predesign, design, construct, furnish, and
equip a regional ballpark in the city of St. Paul.
new text end

new text begin (b) The city may employ or contract with persons, firms, or corporations to perform
one or more or all of the functions of architect, engineer, or construction manager with
respect to all or any part of the regional ballpark and related public infrastructure. The
city may deliver the project through either a design-build or construction manager at-risk
method. Alternatively, at the request of a minor league baseball team, and with the consent
of the city, the city may authorize the team to provide for the design and construction of
the ballpark and related public infrastructure, subject to the terms of this subdivision. To
the extent practicable and at the discretion of the city, Minnesota Statutes, section 473.756,
subdivision 12, applies to this project, and the city may exercise the authority provided
in that subdivision to the Minnesota Ballpark Authority.
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 $27,000,000 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