SF404

Purpose

Provide a capital investment for street projects in Mapleton by funding design, construction, and related work on specific streets, and by authorizing the sale of state bonds to pay for it.

Main Provisions

• Subdivision 1 – Appropriation: $1,950,000 is appropriated from the bond proceeds fund to the commissioner of transportation. The money is a grant to the city of Mapleton to design and construct improvements to publicly owned infrastructure on Borchert Street SE and 8th Avenue SE. The funds also cover any necessary right-of-way acquisition and street reconstruction associated with the project.
• Subdivision 2 – Bond Sale: To raise the money, the commissioner of management and budget must sell and issue state bonds up to $1,950,000 under the specified Minnesota bonding laws and constitutional provisions.

Funding and Bonding Details

• Source of funds: bond proceeds fund.
• Amount: up to $1,950,000.
• Authorized recipient: city of Mapleton (via a grant from the state through the commissioner of transportation).
• Use of funds: design and construction of street infrastructure, plus right-of-way acquisition and street reconstruction for Borchert Street SE and 8th Avenue SE.
• Bonding framework: sale of state bonds under Minnesota Statutes sections 16A631 to 16A675 and Minnesota Constitution Article XI, sections 4 to 7.

Beneficiary and Project Scope

• City: Mapleton.
• Streets involved: Borchert Street SE and 8th Avenue SE.
• Activities funded: planning/design, construction, right-of-way acquisition, and reconstruction related to the streets’ improvements.

Legal Framework and Compliance

• This is an appropriation and bond authorization under existing state law, not a change to current statutes. It relies on established bonding procedures and constitutional authority for issuing state bonds.

Significance and Impact

• Purpose: Improve local street infrastructure in Mapleton with state support.
• Impact: Better transportation infrastructure and potential improvements to local accessibility and safety through street upgrades and related work.

Changes to Existing Law

• No changes to existing law are enacted. The bill authorizes a specific appropriation and the sale of bonds to fund the Mapleton project.

Relevant Terms - Mapleton - Borchert Street SE - 8th Avenue SE - grant - design and construct improvements - publicly owned infrastructure - right-of-way acquisition - street reconstruction - bond proceeds fund - bonds - commissioner of transportation - commissioner of management and budget - Minnesota Statutes 16A631 to 16A675 - Minnesota Constitution Article XI, sections 4 to 7 - capital investment