SF 2366

as introduced - 85th Legislature (2007 - 2008) Posted on 12/15/2009 12:00am

A bill for an act
relating to capital improvements; appropriating money for the Cold Spring
downtown riverfront redevelopment project; authorizing the sale and issuance of
state bonds.

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

Section 1. new text begin APPROPRIATION; COLD SPRING DOWNTOWN RIVERFRONT
REDEVELOPMENT.
new text end

new text begin $2,118,000 is appropriated from the bond proceeds fund to the commissioner of
economic development for a grant to the city of Cold Spring to acquire land for, and
to predesign, design, construct, furnish, and equip public facilities located in the city
of Cold Spring, including: expanded docking facilities; a community center housing
the Cold Spring Public Library, the Cold Spring History Museum, and a senior center;
a riverfront promenade connecting Lions Park to Frogtown Park; a regional trail head
park and shelter; and a canoe portage route.
new text end

Sec. 2. new text begin BOND SALE.
new text end

new text begin To provide the money appropriated in section 1 from the bond proceeds fund,
the commissioner of finance shall sell and issue bonds of the state in an amount up to
$2,118,000 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

Sec. 3. new text begin EFFECTIVE DATE.
new text end

new text begin Sections 1 and 2 are effective the day following final enactment.
new text end