HF2535

Purpose of the Bill

The purpose of this bill is to allocate funds for capital improvements related to roadway and infrastructure projects in the city of Waldorf, Minnesota. The bill details how these improvements will be funded through the issuance of state bonds.

Main Provisions

• Funding Amount: The bill appropriates $2,800,000 for use by the commissioner of employment and economic development to fund these infrastructure projects in Waldorf.

• Projects Include:

  • Improvements to the clean water, sanitary sewer, and stormwater connections and systems in the School Street West development area.
  • Roadway upgrades to several streets: 1st Street, 2nd Street, Middle Avenue, Raymond Avenue, Railway Street, South End Bar and Grill Road, and a service road.
  • Capital improvements to the city park and its parking lot.

• Project Phases: The funds can be used for various phases, including acquiring property, predesign, design, construction, reconstruction, furnishing, and equipping the improvements.

Significant Changes

• State Bond Issuance: The bill authorizes the sale and issuance of up to $2,800,000 in state bonds to finance the authorized appropriations. This involves the commissioner of management and budget handling the sale and issue of these bonds in compliance with Minnesota statutory and constitutional requirements.

Relevant Terms

• Bond proceeds
• Roadway improvements
• Clean water and sanitary sewer systems
• State bonds
• Infrastructure projects