Purpose

This bill would provide funding for a specific road project in Forest Lake. It aims to support land acquisition and the realignment of Forest Road North and related improvements at the intersection with 11th Avenue, by using state bond financing.

Main Provisions

• Appropriation: The bill would appropriate $4,000,000 from the bond proceeds fund to the commissioner of transportation. The money would be granted to the City of Forest Lake for land acquisition and construction of the Forest Road North realignment and improvements at the intersection with 11th Avenue.
• Bonding authority: To fund this appropriation, the commissioner of management and budget would sell and issue state bonds in an amount up to $4,000,000. The bond sale would follow the terms and effects set out in Minnesota Statutes sections 16A.631 to 16A.675 and in the Minnesota Constitution, Article XI, sections 4 to 7.

Funding & Bonding Details

• Source of funds: Bond proceeds fund.
• Administration: The funds are to be used for a grant to the City of Forest Lake, with the project administered under the state’s bonding framework.
• Legal framework: Bond issuance would comply with the specified Minnesota statutes and constitutional provisions.

Project Location & Scope

• Locality: City of Forest Lake, Minnesota.
• Project: Forest Road North realignment and related improvements at the intersection with 11th Avenue.
• Purpose of project: Land acquisition and construction to realign the road and improve the intersection.

Significance & Potential Impacts

• Infrastructure improvement: Enhances traffic flow and safety at a key intersection.
• Local impact: Provides funding for a major road realignment project that supports growth and mobility in Forest Lake.
• Fiscal approach: Uses state debt financing (bonds) to fund the project, leveraging the bond proceeds fund for capital investment.

Compliance & Legal References (brief)

• Funding mechanism: Bond proceeds fund.
• Bond issuance: Up to $4,000,000, following Minnesota Statutes 16A.631–16A.675 and Minnesota Constitution Article XI, sections 4–7.
• Administrators: Commissioner of Transportation; Commissioner of Management and Budget.

Significant Changes to Existing Law

• The bill establishes a new appropriation and bond authority specifically for the Forest Road North realignment project. It relies on existing bonding statutes and constitutional provisions rather than creating new law beyond authorizing this particular use of funds.

Relevant Terms - bond proceeds fund - appropriation - commissioner of transportation - grant - City of Forest Lake - land acquisition - Forest Road North realignment - intersection with 11th Avenue - bond sale / sell and issue bonds - Minnesota Statutes 16A.631 to 16A.675 - Minnesota Constitution Article XI sections 4 to 7 - capital investment (inferred context: road infrastructure funding)