SF 3148

as introduced - 93rd Legislature (2023 - 2024) Posted on 03/28/2023 03:14pm

A bill for an act
relating to capital investment; appropriating money for redevelopment of blighted
property 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 PORT AUTHORITY; REDEVELOPMENT.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin (a) $18,000,000 is appropriated from the bond proceeds
fund to the commissioner of employment and economic development for a grant to the St.
Paul Port Authority to predesign, design, construct, and equip improvements to streets and
public infrastructure to support redevelopment of blighted property in the Midway area in
the city of St. Paul.
new text end

new text begin (b) This appropriation includes money for transit facilities, rights-of-way or permanent
easements, sidewalks, utilities, sewer, stormwater systems, landscaping, lighting, parking
facilities, and other site improvements and amenities. The St. Paul Port Authority may enter
into a lease or management agreement for the operation of any parking facility, subject to
Minnesota Statutes, section 16A.695.
new text end

new text begin (c) For the purposes of this section, "blighted property in the Midway area" means
property within the boundary of Snelling Avenue to the west, University Avenue to the
north, marked Interstate Highway 94 to the south, and Pascal Street to the east, that was
adversely affected by civil unrest, including severe damage and destruction of property,
during the peacetime emergency declared in Emergency Executive Order 20-64, in May of
2020.
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 $18,000,000 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