Purpose of the Bill

This bill aims to provide financial support for the city of Minnetonka Beach to improve and reconstruct its public infrastructure, specifically focusing on water sewer systems and city streets.

Main Provisions

• Funding Appropriation: The bill allocates $5,167,000 from the bond proceeds fund to the Public Facilities Authority. This grant will assist the city in designing, engineering, constructing, and equipping improvements to its infrastructure.

• Infrastructure Improvements: The funds are designated for the replacement of aging and failing municipal infrastructure. This includes upgrades to the water distribution system, the sanitary sewer system, and the storm sewer system. Additionally, the funds will support the reconstruction of city streets.

• Bond Sale Authorization: The bill authorizes the Minnesota commissioner of management and budget to sell and issue state bonds to provide the necessary funds. The sale and issuance of these bonds will be conducted according to specific Minnesota Statutes and the state constitution.

Significant Changes

• This bill proposes the issuance of state bonds, which is a notable financial commitment, to address necessary infrastructure improvements in Minnetonka Beach, marking a significant investment in municipal facilities and quality of life enhancements for residents.

Relevant Terms

capital investment, bond issuance, infrastructure improvement, municipal infrastructure, water distribution system, sanitary sewer system, storm sewer system, street reconstruction, Public Facilities Authority, Minnetonka Beach