SF4792

Purpose

• Provide funding to improve municipal infrastructure in the city of Spring Park, specifically along Sunset Drive from Shoreline Drive to Shadywood Road. The project includes water and sewer infrastructure upgrades, street reconstruction, utility work, and the construction of a multiuse trail. The money is to be granted by the Public Facilities Authority (PFA).

Key Provisions

• Subdivision 1 – Appropriation: An amount of 3,078,000 dollars is appropriated from the bond proceeds fund to the Public Facilities Authority for a grant to Spring Park to design, engineer, construct, and equip the listed capital improvements to municipal infrastructure.
• Subdivision 2 – Bond Sale: The commissioner of management and budget must sell and issue bonds up to 3,078,000 dollars to fund the appropriation, in accordance with Minnesota statutes sections 16A.631 to 16A.675 and the Minnesota Constitution, article XI, sections 4 to 7.

Funding and Financing Details

• Financial amount: 3,078,000 dollars (3.078 million).
• Source: Bond proceeds fund.
• Recipient: City of Spring Park via a grant administered by the Public Facilities Authority.
• Use of funds: Design, engineering, construction, and equipping of capital-type improvements to municipal infrastructure along Sunset Drive (Shoreline Drive to Shadywood Road), including water and sewer infrastructure, street work, utility work, and the multiuse trail.

Governing Law and Process

• Bond issuance: Funds will be raised through state bonds as prescribed.
• Legal authorities cited: Minnesota Statutes sections 16A.631 to 16A.675 and Minnesota Constitution article XI sections 4 to 7.
• Administration: The Public Facilities Authority administers the grant to the city.

What This Means (Impact)

• Enables a designated local infrastructure upgrade using state bond financing.
• Targets multiple infrastructure improvements in a single project (water/sewer, streets, utilities, and a new multiuse trail) along a defined segment of Sunset Drive in Spring Park.
• Formalizes state support for the project through a grant mechanism and requires bond sales to fund it.

Significance

• Represents a capital investment in Spring Park’s municipal infrastructure.
• Improves local transportation and utility networks and adds recreation/alternative transportation infrastructure (multiuse trail).
• Demonstrates coordination between local needs and state financing programs.

Relevant Terms - Spring Park - Sunset Drive - Shoreline Drive - Shadywood Road - water infrastructure - sewer infrastructure - street reconstruction - utility work - multiuse trail - Public Facilities Authority (PFA) - grant - bond proceeds fund - bond sale / bonds - Minnesota Statutes 16A.631 to 16A.675 - Minnesota Constitution article XI, sections 4 to 7