SF 4621

as introduced - 93rd Legislature (2023 - 2024) Posted on 03/07/2024 04:30pm

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

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

Section 1. new text begin EVELETH; LOCAL STREET IMPROVEMENTS.
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new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $5,447,000 is appropriated from the bond proceeds
account in the state transportation fund as provided in Minnesota Statutes, section 174.50,
to the commissioner of transportation for a grant to the city of Eveleth to predesign, design,
engineer, and construct improvements to local streets in the city of Eveleth. This
appropriation includes money for:
new text end

new text begin (1) public utility improvements within marked U.S. Highway 53 and Progress Parkway;
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new text begin (2) public utility improvements within Hat Trick Avenue and marked U.S. Highway 53;
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new text begin (3) improvements and betterments of a capital nature to Industrial Park Drive;
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new text begin (4) utility improvements to Progress Parkway in the Jack Pine Business Park;
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new text begin (5) construction of the Hat Trick Avenue slip ramp; and
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new text begin (6) associated water, sewer, and stormwater utilities; utility easements; grading; and site
preparation for future development at Jack Pine Business Park.
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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 account in the state transportation fund as provided in Minnesota Statutes, section
174.50, the commissioner of management and budget shall sell and issue bonds of the state
in an amount up to $5,447,000 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