SF1550

Purpose

Provide a one-time capital investment appropriation in fiscal year 2026 from the general fund to support a project in the city of Cosmos. The funds are allocated as a grant to ANZ Inc. to develop a multifamily housing facility that also includes a child care center for children not yet in kindergarten and afterschool/weekend programming for school-aged children, with supportive services for senior citizens.

Main Provisions

• Source and purpose: An appropriation from the general fund to the commissioner of Employment and Economic Development (DEED) to grant to ANZ Inc.
• Project scope: Design, construct, renovate, furnish, and equip a multifamily housing facility located at 130 Neptune Street North in Cosmos.
• Services provided: The facility will offer supportive services for senior citizens, a child care center for preschool-age children, and afterschool and weekend programming for school-aged children.
• Timing and availability: The appropriation is a one-time allocation in fiscal year 2026 and remains available until the project is completed or abandoned, subject to Minnesota Statutes section 16A.642.

Key Details and Implementation

• Administration: The grant is issued to ANZ Inc. and administered by the commissioner of Employment and Economic Development.
• Location: 130 Neptune Street North, Cosmos.
• Phases covered: The grant covers design, construction, renovation, furnishing, and equipping of the facility.
• Statutory condition: The funding remains available under the rules for one-time capital projects and is subject to the requirements of Minnesota Statutes section 16A.642 (availability of appropriations).

Changes to Existing Law

• This bill does not appear to alter existing statutes or broad policy areas. It creates a targeted, one-time appropriation for a specific development project rather than implementing a general policy change.

Fiscal and Oversight Considerations

• Funding source: General fund.
• Agency involvement: Department of Employment and Economic Development (DEED) administers the grant.
• Project-specific and time-limited: Available until completion or abandonment, with implementation governed by existing statutory availability rules (16A.642).

Relevant Terms capital investment; appropriation; general fund; Department of Employment and Economic Development (DEED); ANZ Inc.; grant; design; construct; renovate; furnish; equip; multifamily housing facility; supportive services; senior citizens; child care center; children not yet in kindergarten; preschool; afterschool; weekend programming; school-aged children; one-time appropriation; project completed or abandoned; Minnesota Statutes section 16A.642; Cosmos; 130 Neptune Street North.