Purpose of the Bill

The main purpose of this bill is to allocate funds for capital improvements in the city of Osseo, Minnesota. It focuses on enhancing local infrastructure, including a public park and municipal facilities, through state financial support.

Main Provisions

• Funding Appropriation: The bill proposes a budget of $1,600,000 which will be provided to the city of Osseo. This funding is earmarked for several specific construction and renovation projects.
• Improvements in Sipe Park: The allocated funds will enable renovations and new construction projects in Sipe Park, enhancing public recreational spaces in Osseo.
• Central Avenue Streetscape: The funding will also cover the costs of completing streetscape improvements along Central Avenue, which aims to beautify and modernize this key area in Osseo.
• Public Works Building: The bill includes financial provisions for renovating and constructing enhancements to the Osseo Public Works building, which is essential for maintaining local services and infrastructure.

Significant Changes to Existing Law

The bill authorizes the sale and issuance of state bonds, which means the state will raise the necessary funds by selling bonds. This will be conducted according to existing Minnesota Statutes and constitutional provisions governing such financial activities.

Relevant Terms

• Capital investment
• State bonds
• Sipe Park
• Streetscape improvements
• Osseo Public Works building
• Infrastructure renovation and construction