HF294

Purpose

• Authorizes a specific investment to support demolition and redevelopment efforts in the City of Tamarack.
• Aims to remove blighted conditions by separating and demolishing the Tamarack school building from adjacent gym and shop areas, enabling redevelopment and reuse of the site.
• Provides funding for debris removal, site remediation, hazardous materials abatement, restoration, and waterproofing of exposed interior walls.

Main Provisions

• Subdivision 1 — Appropriation
  • Appropriates $20,000 from the bond proceeds fund to the commissioner of employment and economic development.
  • Purpose: provide a grant to the City of Tamarack for the separation, demolition, and removal of the Tamarack school building from the gymnasium and shop area, to remove blighted conditions and facilitate redevelopment and reuse of the site.
  • Eligible activities included: removal and disposal of debris, site remediation, hazardous materials abatement, restoration, and waterproofing of the exposed interior wall.
• Subdivision 2 — Bond sale
  • Requires the commissioner of management and budget to sell and issue bonds of the State in an amount up to $20,000 to fund the appropriation.
  • The bond issuance must follow applicable Minnesota law (Minnesota Statutes sections 16A.631 to 16A.675) and the Minnesota Constitution (Article XI, sections 4 to 7).

Significant Changes to Existing Law

• Introduces a targeted capital investment provision to fund demolition and site redevelopment for the Tamarack school building, funded by state bonds up to $20,000.
• Officially authorizes a bond sale to support this specific project, aligning with existing bonding and statutory processes.

Relevant Terms - bond proceeds fund - grant to the City of Tamarack - separation demolition and removal - Tamarack school building - gymnasium and shop area - blighted conditions - redevelopment and reuse of the site - removal and disposal of debris - site remediation - hazardous materials abatement - restoration - waterproofing of the exposed interior wall - bond sale - Minnesota Statutes sections 16A.631 to 16A.675 - Minnesota Constitution Article XI sections 4 to 7