HF3746

Purpose

This bill provides funding and authority to finance a storm sewer project in Northeast Minneapolis. It would appropriate money from state bond proceeds to support a grant to the city of Minneapolis and authorize the sale of state bonds to cover the cost.

Key Provisions

• Appropriation: The bill allocates 25,000,000 dollars from the bond proceeds fund to the Public Facilities Authority (PFA) to grant to the city of Minneapolis for the storm sewer project.
• Project description: The grant funds the installation of approximately 2,100 feet of new storm sewer under 13th Avenue Northeast, from 2nd Street Northeast to a new outfall at the Mississippi River.
• Bond authorization: The money is to be provided by selling and issuing state bonds up to 25,000,000 dollars.
• Legal framework: Bond issuance and the appropriation must follow Minnesota law (Minnesota Statutes sections 16A.631 to 16A.675) and the Minnesota Constitution (Article XI, sections 4 to 7).

Project Details

• Location: Northeast Minneapolis along 13th Avenue Northeast between 2nd Street Northeast and a new Mississippi River outfall.
• Duration and scope: Approximately 2,100 feet of new storm sewer infrastructure as part of the stormwater system upgrade.

Funding and Bonding

• Source of funds: Bond proceeds fund.
• Recipient: City of Minneapolis, through a grant administered by the Public Facilities Authority.
• Bond mechanics: State bonds up to 25,000,000 dollars to be sold and issued by the Commissioner of Management and Budget, under applicable statutory and constitutional requirements.

Legal Authority and Compliance

• Authorities cited: Minnesota Statutes 16A.631–16A.675 and Minnesota Constitution Article XI, sections 4–7.
• Administration: Public Facilities Authority administers the grant to the city of Minneapolis.

Effects and Implications

• Infrastructure impact: Enables significant storm sewer improvement and improved stormwater management to reduce flooding and water issues in the service area.
• Fiscal impact: Uses state debt financing (bonds) to fund the project, creating a long-term debt obligation supported by the bond proceeds fund.

Relevant Terms storm sewer; Northeast Minneapolis; 13th Avenue Northeast; 2nd Street Northeast; Mississippi River; Public Facilities Authority; grant; city of Minneapolis; bond proceeds fund; bond sale; state bonds; Minnesota Statutes 16A.631 to 16A.675; Constitution Article XI; capital investment; appropriation; outfall.