Purpose

This bill would authorize funding to help Edina build a new interchange at the intersection of Highway 100 and Vernon Avenue (West 50th Street). It would provide money through state bonds to support planning, design, and construction of the project, and it would require some land created by the project to be used for public purposes in Edina (fire station, municipal campus, or both).

Main Provisions

• Subdivision 1 – Appropriation

  • Amount: 5,300,000 dollars is appropriated from the bond proceeds account in the state transportation fund (as allowed by state law) to the commissioner of transportation.
  • Purpose: The money is a grant to the city of Edina for preliminary design, design engineering, and construction of an interchange at the marked Trunk Highway 100 and Vernon Avenue/West 50th Street in Edina.
  • Surplus land: Any surplus land created by the interchange project in the area bounded by Vernon Avenue, West 50th Street, Grange Road, Eden Avenue, and Trunk Highway 100 must be dedicated for Edina’s use as a fire station, a municipal campus, or both.

• Subdivision 2 – Bond sale

  • Bond issuance: The commissioner of management and budget shall sell and issue state bonds up to 5,300,000 dollars to provide the money appropriated in this section.
  • Legal framework: Bonds are issued under Minnesota law (Minnesota Statutes sections 16A.631 to 16A.675) and the Minnesota Constitution (Article XI, sections 4 to 7).
  • Bond proceeds handling: The proceeds of the bonds, excluding accrued interest and any premium received on the sale of the bonds, must be credited to the bond proceeds account in the state transportation fund.

Key Provisions and Effects

• Location and project scope: The interchange is at Highway 100 and Vernon Avenue/West 50th Street in Edina.
• Funding mechanism: Uses state transportation bond proceeds to fund the project.
• Land use requirement: Creates a public-use land dedication (fire station or municipal campus) from land generated by the project, within a specified boundary.
• Public-works focus: Emphasizes planning, design, and construction, not maintenance or operation.

Funding and Financing Details

• Source: Bond proceeds account in the state transportation fund.
• Amount: 5.3 million dollars.
• Issuer: State issues the bonds (via the commissioner of management and budget) under existing bond laws and constitutional provisions.
• Allocation: Proceeds directed to Edina for the interchange project; surplus land set aside for public use.

Significant Changes to Existing Law

• Establishes a new capital investment appropriation specifically for the Edina interchange project, funded by state bonds.
• Creates a requirement to dedicate surplus land from the project to city-public uses (fire station and/or municipal campus) in a defined area.
• Reaffirms and applies existing bond-issuance processes and statutory authorities (Minnesota Statutes 16A.631–16A.675) and constitutional provisions to authorize and finance the project.

Relevant Terms Edina; Interchange; Highway 100; Vernon Avenue; West 50th Street; grant; preliminary design; design engineering; construction; surplus land; fire station; municipal campus; bond proceeds account; state transportation fund; bond sale; Minnesota Statutes 16A.631 to 16A.675; Minnesota Constitution Article XI; Trunk Highway 100; Grange Road; Eden Avenue.