SF1287

Purpose

• Authorizes a capital investment appropriation and state bond financing to support improvements to the Three Rivers Park District regional trail network in Hennepin County. The goal is to upgrade and expand trails, improve safety, and extend the trails’ useful life.

Main provisions

• Appropriation and project scope:
  • An appropriation of $24,400,000 from the bond proceeds fund is made to the Metropolitan Council.
  • The funds are for a grant to Three Rivers Park District to design, construct, reconstruct, and extend the useful life of 52 miles of regional trails in Hennepin County.
  • Project outcomes include:
  • 10.7 miles of new regional trails
  • 11.4 miles of existing trails reconstructed
  • 30.2 miles of trails given life-extension treatments
• Bond financing:
  • The Commissioner of Management and Budget shall sell and issue state bonds in an amount up to $24,400,000 with terms and conditions set by Minnesota law (Minnesota Statutes sections 16A.631 to 16A.675) and the state Constitution (Article XI, sections 4 to 7).

Significant changes to existing law

• Creates a new appropriation and authorizes bonding for a local regional trail project.
• Funds will flow through the Metropolitan Council as a grant to a local park district (Three Rivers Park District) for trail design, construction, reconstruction, and life-extension work.
• Public debt is increased by up to $24.4 million to finance the project, aligning with the capital investment framework and statutory bonding procedures.

Project context and recipients (key entities)

• Three Rivers Park District
• Metropolitan Council
• Minnesota state bond proceeds fund

Relevant terms - appropriation - bond proceeds fund - bonds (state bonds) - Metropolitan Council - Three Rivers Park District - regional trails - grant - design - construction - reconstruction - life-extension - Hennepin County - 52 miles - 10.7 miles new trails - 11.4 miles reconstructed - 30.2 miles life-extension - $24,400,000 (24.4 million) - Minnesota Statutes 16A.631 to 16A.675 - Minnesota Constitution Article XI (sections 4–7)