Purpose

This bill aims to fund a new urban housing project in Cosmos by providing a grant and bonding authority to create a multifamily housing facility that also offers supportive services for seniors and child care plus afterschool and weekend programming for school-aged children.

Main Provisions

• Appropriation of 6,800,000 from the bond proceeds fund to the commissioner of employment and economic development.
• A grant to the city of Cosmos to design, construct, renovate, furnish, and equip a multifamily housing facility located at 130 Neptune Street North.
• The facility will provide:
  • Supportive services for senior citizens.
  • A child care center for children not yet in kindergarten.
  • Afterschool and weekend programming for school-aged children.
• Bond sale authorization: The commissioner of management and budget shall sell and issue state bonds up to 6,800,000 to fund the appropriation, under Minnesota law (statutes 16A.631 to 16A.675) and the state Constitution (Article XI, sections 4 to 7).

Implementation Details

• Source of funds: Bond proceeds fund.
• Location: 130 Neptune Street North, Cosmos.
• Purpose scope: Design, construction, renovation, furnishing, and equipping of the housing facility with the described services and programs.

Significance and Changes to Existing Law

• The bill creates a new capital investment project by authorizing a specific grant and a bond issuance to fund a multifamily housing facility with supportive services and child care in Cosmos.
• It does not restructure ongoing programs but adds a one-time appropriation and bond authorization for this project.

Relevant Terms

• Cosmos
• multifamily housing facility
• supportive services
• senior citizens
• child care center
• children not yet in kindergarten
• afterschool programming
• weekend programming
• school-aged children
• grant
• bond proceeds fund
• design, construct, renovate, furnish, and equip
• 130 Neptune Street North
• bonds; sale and issuance
• Minnesota Statutes 16A.631 to 16A.675
• Minnesota Constitution Article XI, sections 4 to 7