SF 5220

as introduced - 93rd Legislature (2023 - 2024) Posted on 03/26/2024 09:05am

A bill for an act
relating to economic development; providing special authority to the city of
Brooklyn Park to allow for the establishment of a biotech innovation district;
authorizing the city of Brooklyn Park to establish a value capture district; requiring
reports; appropriating money; authorizing the sale and issuance of state bonds;
amending Laws 2023, chapter 37, article 1, section 2, subdivision 17.

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

Section 1.

Laws 2023, chapter 37, article 1, section 2, subdivision 17, is amended to read:

Subd. 17. Housing Infrastructure

100,000,000

100,000,000

This appropriation is for the housing
infrastructure program for the eligible
purposes under Minnesota Statutes, section
462A.37, subdivision 2. This is a onetime
appropriation. new text begin Of the 2025 appropriation,
$10,000,000 is for awards to the city of
Brooklyn Park, to be awarded after the city of
Brooklyn Park submits documentation of a
project or projects eligible for housing
infrastructure bond funding.
new text end

Sec. 2. new text begin BROOKLYN PARK BIOTECH INNOVATION DISTRICT.
new text end

new text begin Subdivision 1. new text end

new text begin Definitions. new text end

new text begin (a) For the purposes of this section, the following terms have
the meanings given.
new text end

new text begin (b) "Authority" means the Brooklyn Park Economic Development Authority.
new text end

new text begin (c) "Biotech innovation district" means a geographic area in the city identified in the
development plan.
new text end

new text begin (d) "City" means the city of Brooklyn Park.
new text end

new text begin (e) "Development plan" means the plan adopted under subdivision 2.
new text end

new text begin (f) "Project" means a project to implement the development plan.
new text end

new text begin (g) "Public infrastructure project" means a project financed at least partially with public
money to:
new text end

new text begin (1) acquire or remediate real property, including site improvement;
new text end

new text begin (2) demolish, repair, or rehabilitate buildings;
new text end

new text begin (3) install, construct, or reconstruct public infrastructure necessary for the biotech
innovation district;
new text end

new text begin (4) acquire, construct, reconstruct, develop, or equip parking facilities and other
transit-related facilities; and
new text end

new text begin (5) acquire, install, construct, reconstruct, develop, or equip recreational, social, cultural,
or tourism facilities.
new text end

new text begin Subd. 2. new text end

new text begin Development plan. new text end

new text begin (a) The authority must prepare a plan for the development
of a biotech innovation district within the city. At least 60 days prior to a hearing on adopting
the proposed development plan, the economic development authority must provide copies
of the proposed development plan to the city, which the city must make available to the
public in its offices and on the city's website. At least ten days before the hearing, the
authority must publish notice of the hearing in a newspaper selected by the city for
publication of the notice. At the hearing, the authority may only adopt the plan if it finds
that:
new text end

new text begin (1) the plan provides an outline for the development of the city as a site of biotech
innovation;
new text end

new text begin (2) the plan identifies the location of the proposed biotech innovation district;
new text end

new text begin (3) the plan is sufficiently complete, including the identification of planned and
anticipated projects, to indicate its relationship to definite state and local objectives;
new text end

new text begin (4) the proposed development affords maximum opportunity, consistent with the needs
of the city, county, and state, for the development of the city by private enterprise as a
biotech innovation district;
new text end

new text begin (5) the plan conforms to the general plan for the development of the city and is consistent
with the city comprehensive plan;
new text end

new text begin (6) the city has approved the plan; and
new text end

new text begin (7) the plan includes:
new text end

new text begin (i) strategic planning consistent with a biotech innovation district;
new text end

new text begin (ii) a framework to identify and prioritize short- and long-term public investment and
public infrastructure project development and to facilitate private investment and
development;
new text end

new text begin (iii) land use planning;
new text end

new text begin (iv) multimodal transportation planning;
new text end

new text begin (v) goals, objectives, and strategies to increase racial equity and to create community
wealth for city residents, local businesses, and businesses owned by women and people of
color, guided by the city's racial equity principles; and
new text end

new text begin (vi) ongoing market research plans.
new text end

new text begin (b) In identifying planned and anticipated projects under paragraph (a), clause (2), the
authority must prioritize projects that will pay a wage covering the cost of living for Hennepin
County, calculated using the most recent report completed pursuant to Minnesota Statutes,
section 116J.013.
new text end

new text begin (c) The city must adopt the development plan within 60 days following its adoption by
the authority and may incorporate the development plan into the city's comprehensive plan.
Minnesota Statutes, section 15.99, does not apply to review and approval of the development
plan.
new text end

new text begin (d) The authority may modify the development plan at any time and must modify the
plan at least once every five years. To modify the development plan, the authority must
follow the same procedures set out in paragraph (a) for the development plan.
new text end

new text begin (e) When preparing the proposed development plan, the authority must seek input from
the community and other partners such as biotech trade associations, the City of Brooklyn
Park Planning Commission, the City of Brooklyn Park Community Long-Range Improvement
Committee, skilled trades, and other regional partners.
new text end

new text begin Subd. 3. new text end

new text begin Special powers; requirements; limitations. new text end

new text begin (a) In implementing the
development plan, the city may exercise the powers of a port authority under Minnesota
Statutes, section 469.048 to 469.068.
new text end

new text begin (b) The city must provide financial and administrative support to the authority and may
appropriate city funds to the authority for its work in developing and implementing the
development plan.
new text end

new text begin (c) The city may issue general obligation bonds, revenue bonds, or other obligations to
finance the development and implementation of the development project. Debt undertaken
pursuant to this paragraph is not subject to the net debt limit in Minnesota Statutes, section
475.53. Approval of the electors is not necessary to issue bonds or other obligations under
this paragraph. The city may pledge any of its revenues, including property taxes and state
aid issued pursuant to Minnesota Statutes, section 469.47, to the obligations issued pursuant
to this paragraph. The city must not issue obligations that are only payable from or secured
by state aid issued pursuant to Minnesota Statutes, section 469.47.
new text end

new text begin (d) Notwithstanding Minnesota Statutes, section 469.068, the city and its authority need
not require competitive bidding on a parking facility or other public improvement constructed
to implement the development plan.
new text end

new text begin (e) Except as otherwise specified, all activities to develop and implement the development
plan must comply with applicable state law and regulations and city ordinances, zoning,
and planning requirements.
new text end

new text begin Subd. 4. new text end

new text begin Report. new text end

new text begin Beginning in 2025, by February 15 of each year, the city and authority
must submit a joint report to the chairs and ranking minority members of the legislative
committees and divisions with jurisdiction over jobs and economic development. The report
must include:
new text end

new text begin (1) the development plan and any proposed changes to the development plan;
new text end

new text begin (2) information on the progress of projects identified in the development plan;
new text end

new text begin (3) costs and financing sources for the costs, including the amount paid with state aid
and local contributions of projects completed in the previous two years;
new text end

new text begin (4) estimated costs and financing sources for projects anticipated to start in the next two
years; and
new text end

new text begin (5) debt service schedules for all outstanding obligations of the city and authority for
debt issued for projects identified in the plan.
new text end

Sec. 3. new text begin APPROPRIATION; DRIVE FOR FIVE GRANT FOR BROOKLYN PARK.
new text end

new text begin Of the amount appropriated in Laws 2023, chapter 53, article 20, section 2, subdivision
2, paragraph (d), the commissioner of employment and economic development must award
grants in the amount of $500,000 to the city of Brooklyn Park to support MetroNorth and
the North Metro Manufacturers Consortium to connect Brooklyn Park students and job
seekers with in-demand careers and local manufacturers.
new text end

Sec. 4. new text begin BROOKLYN PARK WATER INFRASTRUCTURE.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $12,000,000 is appropriated from the bond proceeds
fund to the Public Facilities Authority for a grant to the city of Brooklyn Park for a new
water tower and three water main crossings under Highway 610 and Highway 169.
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 $12,000,000 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

Sec. 5. new text begin APPROPRIATION; BROOKLYN PARK AND BROOKLYN CENTER
WORKFORCE DEVELOPMENT.
new text end

new text begin $3,000,000 in fiscal year 2025 is appropriated from the workforce development fund to
the commissioner of employment and economic development for a grant to the city of
Brooklyn Park for the city to expand the workforce development programming of Brooklyn
Park and Brooklyn Center through workforce development programs serving primarily
underrepresented populations, including such programs as Brooklynk, Career Pathways,
Youth Entrepreneurship, and Community Partnership. This appropriation is onetime and
available until spent.
new text end

Sec. 6. new text begin APPROPRIATION; BROOKLYN PARK SMALL BUSINESS CENTER.
new text end

new text begin $1,000,000 in fiscal year 2025 is appropriated from the workforce development fund to
the commissioner of employment and economic development for a grant to the city of
Brooklyn Park for the Brooklyn Park Small Business Center. This appropriation is onetime
and available until spent.
new text end

Sec. 7. new text begin ALLOCATION; MINNESOTA INVESTMENT FUND.
new text end

new text begin The commissioner of employment and economic development shall grant $1,000,000
from the Minnesota investment fund to the city of Brooklyn Park for its biotech innovation
district under section 2. The term of this grant contract shall make the funds available to
the city until June 30, 2035.
new text end