Minnesota SF 3706: St. Louis Park street improvements bond issue and appropriation

Bill Text

1.1A bill for an act​
1.2relating to capital investment; appropriating money for street improvements in the​
1.3city of St. Louis Park; authorizing the sale and issuance of state bonds.​
1.4BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:​
1.5Section 1. ST. LOUIS PARK; STREET IMPROVEMENTS.​
1.6Subdivision 1.Appropriation.$6,913,000 is appropriated from the bond proceeds​
1.7account in the state transportation fund as provided in Minnesota Statutes, section 174.50,​
1.8to the commissioner of transportation, for a grant to the city of St. Louis Park to acquire​
1.9property or interests in property, and to predesign, design, construct, and equip improvements​
1.10to the following: Meadowbrook Road from Excelsior Boulevard to Oxford Street; Oxford​
1.11Street from Meadowbrook Road to Edgewood Avenue; Edgewood Avenue from Oxford​
1.12Street to Cambridge Street; Cambridge Street from Edgewood Avenue to Alabama Avenue;​
1.13and the intersection of Louisiana Avenue and Oxford Street. This appropriation includes​
1.14money for area bikeway and sidewalk; bridge repair and modifications; replacement or​
1.15repair of water, sewer, and storm sewer infrastructure; regional water quality and flood​
1.16storage infrastructure; and for other improvements or upgrades related to street reconstruction​
1.17including streetlights, signals, and replacement or repair of pavement, curb, and gutter.​
1.18Subd. 2.Bond sale.To provide the money appropriated in this section from the bond​
1.19proceeds fund, the commissioner of management and budget shall sell and issue bonds of​
1.20the state in an amount up to $6,913,000 in the manner, upon the terms, and with the effect​
1.21prescribed by Minnesota Statutes, sections 16A.631 to 16A.675, and by the Minnesota​
1.22Constitution, article XI, sections 4 to 7.​
1.23EFFECTIVE DATE.This section is effective the day following final enactment.​
1​Section 1.​
24-06248as introduced​01/25/24 REVISOR JSK/NH​
SENATE​
STATE OF MINNESOTA​
S.F. No. 3706​
NINETY-THIRD SESSION​
(SENATE AUTHORS: LATZ)​
OFFICIAL STATUS​D-PG​DATE​
Introduction and first reading​11601​02/15/2024​
Referred to Capital Investment​