HF925

Purpose

This bill would provide state funding for Lake Waconia Regional Park in Carver County by authorizing the sale of state bonds and directing funds to a grant for park improvements. The Metropolitan Council would receive the money to pass as a grant to Carver County for the project.

Main Provisions

• Appropriation: The bill authorizes an appropriation of 3,264,000 (three million two hundred sixty-four thousand dollars) from the bond proceeds fund to the Metropolitan Council. The Council would use this money as a grant to Carver County for the Lake Waconia Regional Park project.
• Project scope funded: The grant would cover predesign, design, site work, grading, construction, furnishing, and equipment for various site improvements at the park. These improvements include a picnic shelter, playground, parking lot, lighting, trails, walkways, and other park amenities.
• Bonding authorization: The money for the appropriation would come from the sale and issuance of state bonds, up to 3,264,000, under the terms and process described by Minnesota law and the state Constitution.
• Legal framework: The bond sale and appropriation would follow Minnesota Statutes sections 16A.631 to 16A.675 and Article XI of the Minnesota Constitution (sections 4 to 7).

Funding Mechanism and Implementation

• Funding source: Bond proceeds fund.
• Implementing agencies: Metropolitan Council administers the grant to Carver County.
• Recipient: Carver County for Lake Waconia Regional Park improvements.
• Process: The state would sell bonds (up to the specified amount) to raise the funds, and then provide the grant through the Metropolitan Council for the project.

Impact and Significance

• This is a capital investment intended to enhance Lake Waconia Regional Park with updated facilities and amenities.
• It uses state bonding authority to support local park development materials and infrastructure.
• The bill does not create new programs beyond authorizing the bond sale and the specific grant to Carver County for the park improvements.

Significant Changes to Law (Summary)

• Introduces a new appropriation funded by bond proceeds for Lake Waconia Regional Park improvements.
• Explicitly authorizes the sale of bonds up to 3,264,000 for this purpose under existing bonding statutes and constitutional provisions.

Relevant Terms - Lake Waconia Regional Park - Carver County - Metropolitan Council - grant - predesign - design - site - grade - construct - furnish - equip - picnic shelter - playground - parking lot - lighting - trails - walkways - bond proceeds fund - bond sale - Minnesota Statutes 16A.631 to 16A.675 - Minnesota Constitution Article XI, sections 4 to 7