Bill Text: MN HF2899 | 2013-2014 | 88th Legislature | Introduced
Bill Title: Excelsior; The Commons funding provided, bonds issued, and money appropriated.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2014-03-10 - Introduction and first reading, referred to Jobs and Economic Development Finance and Policy [HF2899 Detail]
Download: Minnesota-2013-HF2899-Introduced.html
1.2relating to capital investment; appropriating money for improvements at
1.3Excelsior Commons; authorizing the sale and issuance of state bonds.
1.4BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.5 Section 1. EXCELSIOR COMMONS.
1.6 Subdivision 1. Appropriation. $5,000,000 is appropriated from the bond proceeds
1.7fund to the commissioner of employment and economic development for a grant to the city
1.8of Excelsior for demolition costs and to prepare a site for, design, construct, furnish, and
1.9equip two buildings within the park; to design, construct, furnish, and equip a band shell;
1.10for upgrades, replacement of, or improvements to park infrastructure, including fields,
1.11courts, lighting, sidewalks, and landscaping; for shoreline stabilization and restoration;
1.12and for other improvements of a capital nature to Excelsior Commons.
1.13 Subd. 2. Bond sale. To provide the money appropriated in this section from the
1.14bond proceeds fund, the commissioner of management and budget shall sell and issue
1.15bonds of the state in an amount up to $5,000,000 in the manner, upon the terms, and with
1.16the effect prescribed by Minnesota Statutes, sections 16A.631 to 16A.675, and by the
1.17Minnesota Constitution, article XI, sections 4 to 7.
1.18EFFECTIVE DATE.This section is effective the day following final enactment.
1.3Excelsior Commons; authorizing the sale and issuance of state bonds.
1.4BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.5 Section 1. EXCELSIOR COMMONS.
1.6 Subdivision 1. Appropriation. $5,000,000 is appropriated from the bond proceeds
1.7fund to the commissioner of employment and economic development for a grant to the city
1.8of Excelsior for demolition costs and to prepare a site for, design, construct, furnish, and
1.9equip two buildings within the park; to design, construct, furnish, and equip a band shell;
1.10for upgrades, replacement of, or improvements to park infrastructure, including fields,
1.11courts, lighting, sidewalks, and landscaping; for shoreline stabilization and restoration;
1.12and for other improvements of a capital nature to Excelsior Commons.
1.13 Subd. 2. Bond sale. To provide the money appropriated in this section from the
1.14bond proceeds fund, the commissioner of management and budget shall sell and issue
1.15bonds of the state in an amount up to $5,000,000 in the manner, upon the terms, and with
1.16the effect prescribed by Minnesota Statutes, sections 16A.631 to 16A.675, and by the
1.17Minnesota Constitution, article XI, sections 4 to 7.
1.18EFFECTIVE DATE.This section is effective the day following final enactment.
