SF382

Purpose

This bill provides funding and authorization for a Dayton water tower project. It appropriates money to support the acquisition of property and the planning, design, and construction of a new water tower to ensure adequate water storage and sufficient pressure for fire suppression for Dayton residents. It also sets up how the money will be financed through state bonds.

Main Provisions

• Subdivision 1 – Appropriation

  • It appropriates 3,000,000 dollars from the bond proceeds fund to the Public Facilities Authority.
  • The funds are to be used as a grant to the City of Dayton to acquire real property and to predesign, design, and construct a new water tower.
  • The goal is to provide adequate water storage and sufficient pressure to support fire suppression for residents.

• Subdivision 2 – Bond sale

  • To raise the money, the Commissioner of Management and Budget must sell and issue up to 3,000,000 dollars in state bonds.
  • The bond sale must follow the terms and effects described by Minnesota statutes (sections 16A.631 to 16A.675) and by the Minnesota Constitution (Article XI, sections 4 to 7).

Effect and Implementation

• The bill directs the use of bond proceeds to fund a local water infrastructure project (water tower) in Dayton via a grant to the city.
• It ties funding to established state bonding processes and legal authorities.

Significant Changes to Existing Law

• Establishes a new capital investment appropriation specifically for Dayton’s water tower project.
• Authorizes the sale of up to 3,000,000 dollars in state bonds to finance the project.
• Uses the Public Facilities Authority as the intermediary for the grant to Dayton and ties the funding to statewide bond statutes and constitutional provisions.

Terminology and Key Concepts (for clarity)

• Public Facilities Authority
• City of Dayton
• water tower
• acquire real property
• predesign
• design
• construct
• water storage
• fire suppression
• residents
• bond proceeds fund
• bond sale / issue bonds
• Minnesota Statutes 16A631 to 16A675
• Minnesota Constitution Article XI (sections 4 to 7)

Relevant Terms - Public Facilities Authority, City of Dayton, water tower, grant, grant to the city, acquire real property, predesign, design, construct, water storage, fire suppression, residents, bond proceeds fund, bond sale, Minnesota Statutes 16A631-16A675, Minnesota Constitution Article XI.