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HF1714 (Legislative Session 94 (2025-2026))

Fairmont; street reconstruction funding provided, bonds issued, and money appropriated.

Related bill: SF405

AI Generated Summary

Purpose of the Bill

The purpose of this bill is to provide funding for street reconstruction projects in the city of Fairmont, Minnesota, through the appropriation of state bond proceeds. This includes specific improvements on Kot Street and the extension of Fairlakes Avenue.

Main Provisions

  • Appropriation of Funds: The bill allocates $10,538,000 from the bond proceeds fund for these street construction efforts. The funds are designated for various aspects of the project including street infrastructure, right-of-way and easement acquisition, public utilities, and associated costs.

  • Project Details:

    • The construction involves improving Kot Street from Charles Street to South Prairie Avenue.
    • It also includes constructing an extension that connects Woodland Avenue with Lake Avenue via Fairlakes Avenue.

  • Bond Sale Authorization: To support this allocation, the bill authorizes the commissioner of management and budget to sell and issue state bonds in an equivalent amount, ensuring that the city of Fairmont receives the necessary funding for the project.

Significant Changes to Existing Law

  • The bill exempts this particular appropriation from the requirements set forth in Minnesota Statutes section 16A.86 subdivision 4, which typically governs how such appropriations should be handled.

Relevant Terms

capital investment, street reconstruction, state bonds, bond proceeds, city of Fairmont, Kot Street, Fairlakes Avenue, right-of-way acquisition, public utilities, infrastructure.

Bill text versions

Actions

DateChamberWhereTypeNameCommittee Name
February 26, 2025HouseFloorActionIntroduction and first reading, referred toCapital Investment

Citations

 
[
  {
    "analysis": {
      "added": [
        "Exemption for Fairmont street reconstruction project."
      ],
      "removed": [
        "Previous applicability of the bonding requirement."
      ],
      "summary": "This bill exempts a specific appropriation from the requirements of section 16A.86, subdivision 4.",
      "modified": []
    },
    "citation": "16A.86"
  },
  {
    "analysis": {
      "added": [
        "Provision for the issuance of bonds for the Fairmont project."
      ],
      "removed": [],
      "summary": "This bill authorizes the sale and issuance of state bonds under sections 16A.631 to 16A.675.",
      "modified": [
        "Specifies procedural compliance for bond issuance."
      ]
    },
    "citation": "16A.631 to 16A.675"
  },
  {
    "analysis": {
      "added": [
        "Constitutional compliance for bond issuance."
      ],
      "removed": [],
      "summary": "This bill references requirements of the Minnesota Constitution Article XI, sections 4 to 7, regarding state bond issuance.",
      "modified": []
    },
    "citation": "Article XI, sections 4 to 7"
  }
]

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