HF 1230

as introduced - 94th Legislature (2025 - 2026) Posted on 02/20/2025 02:48pm

A bill for an act
relating to capital investment; appropriating money for improvements to Louisiana
Avenue South and Oxford Street in the city of St. Louis Park; 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. LOUIS PARK; OXFORD AND LOUISIANA AREA
INFRASTRUCTURE IMPROVEMENTS.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $6,913,000 is appropriated from the bond proceeds
account in the state transportation fund as provided in Minnesota Statutes, section 174.50,
for a grant to the city of St. Louis Park to acquire property or interests in property, predesign,
design, construct, furnish, and equip improvements to Meadowbrook Road from Excelsior
Boulevard to Oxford Street, Oxford Street from Meadowbrook Road to Edgewood Avenue,
Edgewood Avenue from Oxford Street to Cambridge Street, Cambridge Street from
Edgewood Avenue to Alabama Avenue, Louisiana Avenue from 100 feet north of the
intersection of Oxford Street to 300 feet south of the intersection. This appropriation includes
money for area bikeway and sidewalk construction; bridge repair and modifications;
replacement or repair of water, sewer, and storm sewer facilities; regional water quality and
flood storage infrastructure construction; and other improvements or upgrades related to
street reconstruction work, including streetlights, signals, striping, and signs; replacement
or repair of pavement, curb, and gutter; and roundabout construction. This appropriation is
available when the commissioner of management and budget determines that sufficient
resources have been committed to complete the project, as required by Minnesota Statutes,
section 16A.502.
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 $6,913,000 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