SF2433

Purpose of the Bill

The bill aims to provide financial support for the development of the Chanhassen Bluffs Sports Complex by appropriating funds and authorizing the sale of state bonds.

Main Provisions

• Funding Allocation: The bill proposes an allocation of $22,000,000 from the bond proceeds fund to the city of Chanhassen.
• Development Goals: The funds are earmarked for the design and construction of a regional recreation, community, and event center in Chanhassen. This complex is to include:
  • Two indoor ice sheets
  • A walking track
  • Indoor turf
  • Indoor playground
  • Gathering spaces and meeting rooms
  • Other amenities as needed
• Property Acquisition: Part of the appropriated funds can be used for acquiring the necessary real property or interests in real property.

Significant Changes to Existing Law

• Bond Sale Authorization: The bill authorizes the state to sell and issue bonds up to $22,000,000. This aligns with the existing statutory and constitutional provisions but represents a new specific expenditure for the Chanhassen sports facility project.

Relevant Terms

• Capital investment
• Bond proceeds fund
• State bonds
• Regional recreation center
• Indoor ice sheets
• Indoor turf
• Community event center