HF 2207

as introduced - 94th Legislature (2025 - 2026) Posted on 03/12/2025 11:38am

A bill for an act
relating to capital investment; appropriating money for the city Square West project
in the city of Chaska; authorizing the sale and issuance of state bonds.

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

Section 1. new text begin CHASKA; CITY SQUARE WEST.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $7,825,000 is appropriated from the bond proceeds fund
to the commissioner of employment and economic development for a grant to the city of
Chaska for the city Square West redevelopment project. This appropriation is for publicly
owned portions of the project and is in addition to the appropriation for the same purpose
in Laws 2023, chapter 72, article 2, section 9, subdivision 3. This appropriation includes
money for property acquisition, demolition, design, construction, furnishing, and equipping
costs associated with 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 $7,825,000 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