Minnesota Session Laws - 1983, Regular Session

  

                         Laws of Minnesota 1983 

                        CHAPTER 224--S.F.No. 278
           An act relating to Hennepin county; providing for 
          financing of motor vehicle parking facilities; 
          authorizing the issuance of general obligation or 
          revenue bonds of the county; authorizing the 
          construction of one off-street parking facility within 
          the city of Minneapolis; amending Laws 1969, chapter 
          1037, section 1, subdivisions 1 and 2, and by adding a 
          subdivision. 
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
    Section 1.  Laws 1969, chapter 1037, section 1, subdivision 
1, is amended to read:  
    Subdivision 1.  [HENNEPIN COUNTY; PARKING FACILITIES.] The 
county of Hennepin, subject to the limitation imposed by 
subdivision 4, may use and develop any property heretofore 
acquired or hereafter acquired by gift, lease, purchase or 
condemnation proceedings, which condemnation proceedings shall 
be in accordance with Minnesota Statutes, Chapter 117, any real 
property within said county of Hennepin, or any interest 
therein, deemed by the board of county commissioners to be 
needed for the purposes of providing off-street parking 
facilities in conjunction with any of the public buildings which 
are under the control of the board of county commissioners for 
county purposes.  The term "off-street parking facilities" as 
used in this section includes lots, lanes, garages, ramps or 
other structures and accessories.  
    Sec. 2.  Laws 1969, chapter 1037, section 1, subdivision 2, 
is amended to read:  
    Subd. 2.  [FINANCING.] To accomplish the purposes set forth 
in subdivision 1 of this section, the county of Hennepin may 
issue bonds, the repayment of which shall be from the net 
revenue derived from the facilities authorized herein or from 
other sources of income which may be available to the county of 
Hennepin, however in no event, shall a general ad valorem tax 
levy be made for the repayment of such bonds or interest 
thereon.  To finance the acquisition and betterment of 
off-street parking facilities referred to in subdivision 1, the 
board of county commissioners may issue general obligation bonds 
or revenue bonds of Hennepin county, or any combination of 
them.  The bonds shall be sold and issued in accordance with 
Minnesota Statutes, chapter 475.  The net revenues derived from 
any and all off-street parking facilities, whether financed by 
the bonds or previously owned by the county, may be pledged to 
repay the bonds and interest on them.  The board may by 
resolution establish covenants concerning the operation, 
maintenance, and financial records of the facilities, the 
establishment and collection of sufficient charges for service, 
the custody and use of the revenues, the priority of claims on 
revenues for the payment of particular bonds, and other matters 
the board may determine to be necessary or desirable for the 
marketing of the bonds and the security of the holders or of the 
taxpayers.  No election shall be required to authorize revenue 
bonds or general obligation bonds for which revenues are 
pledged, and the bonds shall be included in computing the net 
debt of the county.  Revenue bonds, for which the taxing power 
of the county is not pledged, may be sold by private negotiation 
on the terms and conditions the board of county commissioners 
may determine.  
    Sec. 3.  Laws 1969, chapter 1037, section 1, is amended by 
adding a subdivision to read:  
    Subd. 4.  [LOCATION OF PARKING FACILITY; MINNEAPOLIS.] The 
county of Hennepin may build not more than one off-street 
parking facility within the city of Minneapolis.  The facility 
shall be located in proximity to and primarily used for the 
Hennepin county medical center and juvenile justice facility. 
The amount of bonded indebtedness to be issued for the facility 
shall not exceed $11,000,000.  This section shall not limit the 
authority of Hennepin county to build off-street parking 
facilities outside of the city of Minneapolis.  
    Sec. 4.  [EFFECTIVE DATE.] 
    This act is effective when approved by resolution adopted 
by a majority vote of all members of the board of county 
commissioners of Hennepin county, on the day after compliance 
with Minnesota Statutes, section 645.021, subdivision 3. 
    Approved June 1, 1983