SF 2960

as introduced - 91st Legislature (2019 - 2020) Posted on 02/11/2020 03:37pm

A bill for an act
relating to capital investment; appropriating money for street and highway
intersection improvements in the city of Golden Valley; authorizing the sale and
issuance of state bonds.

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

Section 1. new text begin GOLDEN VALLEY; STREET AND HIGHWAY INTERSECTION
IMPROVEMENTS.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $7,000,000 is appropriated from the bond proceeds fund
to the commissioner of transportation for a grant to the city of Golden Valley to construct
public safety improvements at the intersection of Douglas Drive and Highway 55, including
a box culvert underpass across Highway 55, a roundabout and extended frontage road south
of Highway 55, retaining wall construction, underground utility relocation, sidewalk and
trail connections to existing facilities, Americans with Disabilities Act-compliant facilities,
and landscaping. Amounts spent by the city of Golden Valley in 2016 and 2017 to reconstruct
approximately 1-3/4 miles of Douglas Drive north of Highway 55, including on-street
bicycle lanes and off-street trails and sidewalks, constitute the city's nonstate contribution
to this project.
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 $7,000,000 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