HF3866

Purpose

The bill modifies an existing capital investment program to support redevelopment in Oak Park Heights. It creates a grant to help the city acquire property and plan the public infrastructure needed for developing the Allen S. King power plant site. It also extends how long bond funds approved for this project can be used.

Main Provisions

• Updates and names the section as Oak Park Heights Redevelopment.
• Provides a grant to the City of Oak Park Heights to:
  • acquire property, and
  • predesign and design public infrastructure for development of the Allen S. King power plant site.
• Public infrastructure funded by this grant includes:
  • clean water systems,
  • sanitary sewer systems,
  • stormwater systems,
  • roads,
  • trails,
  • sidewalks.
• Extends the availability of the bond sale authorization and the appropriation of bond proceeds for this subdivision so they remain usable until December 31, 2029.
• Indicates an appropriation amount tied to this subdivision (shown in the text as 2,190,000 dollars).

Significant Changes to Existing Law

• Amends Laws 2023, chapter 72, article 1, section 21, subdivision 9 to rename and specify this as Oak Park Heights Redevelopment.
• Extends the time window for using the related bond funding (bond proceeds) to 2029.

Context and Impact

• Focuses state support on redeveloping the Allen S. King power plant site in Oak Park Heights.
• Aims to enable property acquisition and the upfront design work for necessary water, sewer, drainage, and roadway infrastructure to spur redevelopment and economic activity.

Relevant Terms

• Oak Park Heights, Allen S. King power plant site
• redevelopment
• grant
• public infrastructure
• clean water systems
• sanitary sewer systems
• stormwater systems
• roads
• trails
• sidewalks
• bond sale authorization
• bond proceeds
• Laws 2023 chapter 72 article 1 section 21 subdivision 9
• available until December 31, 2029
• appropriation (2,190,000 dollars)