Purpose

This measure would provide funding and authorize bonds for a roundabout project in the city of Dayton. Specifically, it appropriates money and allows the sale of state bonds to support acquiring property and to predesign, design, and construct a roundabout and related improvements at the intersection of Pineview Lane and County Road 12.

What this bill would do

• Appropriation: Allocate 1,500,000 from the bond proceeds fund to the state Department of Transportation as a grant to the city of Dayton. The funds are for acquiring real property or interests in real property and for predesign, design, and construction of a roundabout and other improvements at the specified intersection.
• Bond financing: Require the state to sell and issue bonds totaling up to 1,500,000 to fund the appropriation. Bond issuance would follow the terms and effects in Minnesota law, specifically statutes governing bond proceeds and the state constitution.

Key provisions

• Location and project scope: The roundabout and related improvements would be at the intersection of Pineview Lane and County Road 12 in Dayton.
• Parties involved: The grant is from the state to the city of Dayton; the commissioner of transportation would administer the grant.
• Financing mechanism: Bonds would be issued by the state to provide the money appropriated, in line with Minnesota Statutes sections 16A.631 to 16A.675 and the Minnesota Constitution Article XI, sections 4 through 7.

How it would change existing law

• Creates a new appropriation and bond authorization specific to the Dayton roundabout project.
• Uses the bond proceeds fund to support a local infrastructure project and design/construction activities.
• Applies existing bonding statutes and constitutional provisions to this project.

Potential impact

• Infrastructure improvement: Aims to improve traffic safety and efficiency at a key intersection by implementing a roundabout.
• Local government funding: Provides Dayton with state support for property acquisition and the design/build of the roundabout and associated improvements.

Implementation notes

• The appropriation is contingent on the standard bond issuance process described in the cited statutes and constitutional provisions.
• The grant and project execution would be managed through the appropriate state and city agencies (primarily the Department of Transportation and the city of Dayton).

Relevant Terms bond proceeds fund appropriation grant to the city of Dayton real property or interests in real property predesign design construct roundabout intersection of Pineview Lane and County Road 12 city of Dayton commissioner of transportation state bonds Minnesota Statutes 16A.631 to 16A.675 Minnesota Constitution article XI sections 4 to 7 capital investment bond sale sale and issue bonds