HF1714

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.