SF4210

Purpose

The bill would provide state financing to improve North River Drive in the city of Frazee. It aims to fund the design, engineering, and construction of the road and its associated water and sewer infrastructure, creating a connections from County State Aid Highway 29 to Trunk Highway 87 to link with Wannigan Regional Park. The state would support this project with a specific appropriation and by authorizing the sale of bonds to cover the cost.

Main Provisions

• Subdivision 1 — Appropriation:
  • Authorized amount: 1,850,000 (one million eight hundred fifty thousand) dollars.
  • Source: Bond proceeds fund.
  • Recipient and use: A grant to the city of Frazee for design, engineering, and construction of North River Drive and related water and sewer infrastructure.
  • Project scope: From County State Aid Highway 29 to Trunk Highway 87, connecting to Wannigan Regional Park.
• Subdivision 2 — Bond Sale:
  • The commissioner of management and budget must sell and issue bonds of the state in an amount up to 1,850,000 dollars to fund the appropriation.
  • Bond terms: To be administered under Minnesota law (statutes 16A.631 to 16A.675) and the Minnesota Constitution (Article XI, sections 4 to 7).

Financial Mechanism and Bonding

• The bill ties the funding to the bond proceeds fund and requires the sale of state bonds up to the appropriated amount.
• It specifies that bonds will be issued and sold under existing state bonding statutes and constitutional provisions.

Local Impact and Connectivity

• Improves transportation infrastructure in Frazee by enabling better access and connections to Wannigan Regional Park.
• Supports water and sewer infrastructure improvements as part of the project.

Significance and Policy Context

• This is a targeted capital investment project funded through state bonding to support local infrastructure and park connectivity.
• It utilizes established bonding processes and legal requirements, aligning with standard state practices for capital projects.

Relevant Terms - 1,850,000 (one million eight hundred fifty thousand) dollars - bond proceeds fund - appropriation - grant to the city of Frazee - North River Drive - design, engineer, construct - water and sewer infrastructure - County State Aid Highway 29 - Trunk Highway 87 - Wannigan Regional Park - Department of Transportation - bond sale / bonds - Minnesota Statutes sections 16A.631 to 16A.675 - Minnesota Constitution Article XI sections 4 to 7