Purpose

Authorize the sale of state bonds and appropriate funding to support an interchange project in Edina, specifically at the intersection of Highway 100 and Vernon Avenue (West 50th Street), and to set aside surplus land for public uses.

Main Provisions

• Appropriation: $5,300,000 is appropriated from the bond proceeds account in the state transportation fund to the city of Edina for the preliminary design, design engineering, and construction of the Highway 100 and Vernon Avenue (West 50th Street) interchange.
• Surplus land dedication: Any surplus land created by the project within the area bordered by Vernon Avenue, West 50th Street, Grange Road, Eden Avenue, and Highway 100 must be dedicated for use by the city of Edina as a fire station, a municipal campus, or both.
• Bond financing: The state will sell and issue bonds up to $5,300,000 to fund the appropriation, following Minnesota statutes on bond procedures (sections 16A.631 to 16A.675) and the relevant constitutional provisions (Article XI, sections 4–7). Bond proceeds (excluding accrued interest and any premium) must be credited to the bond proceeds account in the state transportation fund.

Significant Changes to Existing Law

• Creates or clarifies a capital investment funding mechanism for the Edina interchange through a bonded appropriation.
• Establishes a requirement to dedicate surplus project land to public-use facilities (fire station and/or municipal campus), linking land disposition to the project.
• Integrates with existing bond sale authority and state transportation funding structures (bond proceeds account and applicable statutes/constitutional provisions).

Financial Mechanism Details

• Project cost supported by bonds: up to $5,300,000.
• Source: bond proceeds account in the state transportation fund.
• Reimbursement channel: proceeds (excluding interest and any premium) go to the bond proceeds account.

Administrative Notes

• The grant is to be provided to the City of Edina for the specified phases (preliminary design, design engineering, and construction) of the interchange.
• The project is tied to existing legal frameworks for bond issuance and state transportation funding.

Relevant Terms - Edina - Highway 100 - Vernon Avenue - West 50th Street - Interchange - Bond proceeds account - State transportation fund - Minnesota Statutes 174.50 - Minnesota Statutes 16A.631 to 16A.675 - Minnesota Constitution Article XI, sections 4–7 - Preliminary design - Design engineering - Construction - Surplus land - Fire station - Municipal campus - Grange Road - Eden Avenue - Trunk Highway 100 - Bond sale